2 Discounted Stocks Cathie Wood Is Buying Aggressively Right Now
2026-07-21 08:03
•Adria Cimino •The Motley Fool
••••• ••••• Axe Capital view
Why Cathie Wood’s AI Picks Don't Map Well to the JSE
Aggressive buying of discounted US AI stocks looks tempting but lacks a clear JSE angle.
Cathie Wood’s recent aggressive buys in SpaceX and CoreWeave highlight her conviction in AI and next-gen tech infrastructure. Both companies slid over 30% and remain unprofitable, yet Wood sees them as long-term winners. For South African investors, the challenge is clear: these aren’t listed on the JSE and have limited direct plays locally. While Naspers and Prosus offer some tech exposure, their focus is more on e-commerce and media than infrastructure or space tech. The rand (USD/ZAR) might react more to shifts in global risk sentiment that come with these sector moves rather than something fundamental in local companies. Investors should be cautious chasing heavily discounted, unprofitable US tech names through indirect proxies. If the global AI momentum falters or funding conditions tighten, the buzz could fade fast. this is just my opinion and not financial advice
I’d watch Naspers and Prosus but avoid chasing unprofitable AI stocks via the JSE. Keep an eye on USD/ZAR for risk shifts, but no fresh buys here yet.
- Naspers
- Prosus
- USD/ZAR
- Global AI hype fades
- US tech regulation tightens
5/10
Cathie Wood is aggressively buying discounted AI and technology stocks that have fallen over 30% in the past month. She recently added shares of SpaceX and CoreWeave to multiple Ark funds on July 17, viewing the declines as buying opportunities. Both companies are unprofitable but positioned in high-growth sectors like space technology and AI compute infrastructure.
This article was originally published by The Motley Fool and has been adapted here for Axe Capital Trading News.
Publisher: The Motley Fool
Author: Adria Cimino
Categories: Equities, IPOs, Technology, AI, Semiconductors
Tickers: SPCX, CRWV, AMZN, MSFT, NVDA
Sentiment: Positive - Cathie Wood is actively buying shares across multiple Ark funds, viewing the 30%+ decline and price below IPO as a buying opportunity. The company is positioned as a top holding in Ark Space fund with long-term growth potential in space technology and data centers. Wood has made multiple purchases in recent weeks, adding it to Ark Innovation and Ark Next Generation Internet funds. The company addresses strong AI compute demand with GPU rental services, positioning it as a beneficiary of the AI boom.
Keywords: Cathie Wood, Ark Invest, AI stocks, discounted stocks, SpaceX, CoreWeave, buying opportunity, technology stocks
Insights:
- SPCX: Positive: Cathie Wood is actively buying shares across multiple Ark funds, viewing the 30%+ decline and price below IPO as a buying opportunity. The company is positioned as a top holding in Ark Space fund with long-term growth potential in space technology and data centers.
- CRWV: Positive: Wood has made multiple purchases in recent weeks, adding it to Ark Innovation and Ark Next Generation Internet funds. The company addresses strong AI compute demand with GPU rental services, positioning it as a beneficiary of the AI boom.
- AMZN: Neutral: Mentioned as a competitor to CoreWeave in cloud services but not a focus of the article. Included for context regarding broader cloud market dynamics.