Cathie Wood’s Ark Invest bought into Nvidia stock on Monday, buying on a dip following the chipmaker’s revenue warnings. According to Ark’s daily transaction data. Combined, these purchases are worth more than $65 million based on Nvidia’s closing price of $177.93 on Monday. Shares of Nvidia fell 6.3% on Monday after the chipmaker released preliminary results showing second-quarter revenue that was much lower than initial outlook. Nvidia said the shortfall mainly reflects weaker-than-forecast game revenue. Shares have fallen nearly 40% this year as growth names have been hit hard by rising interest rates and soaring inflation. Semiconductor companies are also grappling with supply chain disruptions globally. Nvidia was trading lower again on Tuesday morning, falling nearly 3% ahead of money markets, following another sales warning from peer-to-peer Micron. The memory chip maker warned that revenue could fall from previous guidance because of “macro-economic factors and supply chain constraints,” sending Micron down nearly 4% in early trading. . Wood raised more bets on his confidence later this year, including Shopify and Teladoc, following their weak quarterly reports. Her Ark Innovation ETF (ARKK) actively managed fund is down 46% year-to-date, as her disruptive tech kids have been among the biggest losers in the face of higher rate. However, the flagship fund has made a big comeback recently as ARKK is now up nearly 46% from the 52-week low reached in mid-May.