Cathie Wood, head of Ark Investment Management, does not panic when the prices of her favorite tech stocks fall. She in fact buys the dip. And the prominent asset manager just bought into a tech stock that has lost nearly a quarter of its market value over the past month.

Cathie Wood is back in the spotlight, and so is her flagship ARK Innovation ETF (NYSE:ARKK). After a rough year, the fund is showing signs of life—but is this the start of a real comeback, or just another short-lived rally?

Cathie Wood is the founder of Ark Investment Management, which operates several exchange-traded funds (ETFs) focused on innovative technologies like electric vehicles, robotics, and artificial intelligence (AI).

Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ar

Cathie Wood’s Ark Invest made a significant move on Tuesday, selling more than 550,000 shares of UiPath (NYSE:PATH) as the company’s stock continues to decline. The global software provider has seen a 7.