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Cathie Wood warns over latest meme stock craze after GameStop spike: ‘Buyer beware’

High-profile fund manager says investors risk getting ‘hurt badly’ again

By David Ricketts
Wood has a reputation for bullish tech bets, but isn’t getting drawn in by the hype around GameStop and AMC
Wood has a reputation for bullish tech bets, but isn’t getting drawn in by the hype around GameStop and AMC Photo: Octavio Jones/Getty Images

Cathie Wood has warned retail investors not to pile into meme stocks as GameStop and AMC Entertainment shares spike again.

“Buyer beware,” the famed US fund manager and founder of ARK Invest told Financial News. “There were a lot of people in the first meme stock craze who got hurt badly.”

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