Cathie Wood is making another bold AI bet, and this time it’s centered around the infrastructure powering the boom. Her firm just added to its position in CoreWeave, a fast-rising cloud provider closely tied to Nvidia’s GPU ecosystem. The move stands out because CoreWeave has already surged more than 20% this year, signaling that Ark isn’t just bargain hunting, it’s doubling down on momentum within the AI trade. CoreWeave’s edge comes from renting high-performance computing power used to train and run AI models, essentially acting as a backbone for the entire generative AI wave. And with Nvidia chips at the center of that demand, the connection is clear. But this wasn’t Ark’s only move. The firm also adjusted positions across its portfolio, continuing its pattern of actively rotating capital into what it believes are the highest-conviction innovation plays. The bigger takeaway is this: Ark is still heavily leaning into AI infrastructure, not just the flashy front-end apps. That suggest...