Ark Invest's Cathie Wood bought 20,125 Meta Platforms shares on October 13 and 9,577 more the next day for her Ark Next Generation Technology ETF, where Meta is the second-largest holding at a 5.7% weight. The article links the move to Meta's AI push: its personal AI agent Muse launched last month and its downloads reached 5 million, ahead of ChatGPT and Claude after their launches, while Meta released Muse Wonder and Muse Wonder Full models this week. Meta reports third-quarter earnings on October 21, when investors will watch its capital spending and AI monetization, and the stock trades at 24x forward earnings, higher than in recent months but still inexpensive given its business. The author argues long-term investors do not need to rush ahead of the report, since gains or losses over days or weeks have little impact over five or 10 years.
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