Here's the "Magnificent Seven" Stock Cathie Wood Is Piling Into Now
Key Points
Wood may be buying the dip in Meta Platforms' stock.
More cautious investors may want to wait for Meta's quarterly financial report on July 29.
- 10 stocks we like better than Meta Platforms ›
Cathie Wood, the CEO and chief investment officer of Ark Investment Management, has been directing her firm to load up on shares of Meta Platforms (NASDAQ: META), the parent company of Facebook, Instagram, and WhatsApp. Wood's investment management firm purchased 34,080 shares of the technology company in recent weeks, which, at today's share price of around $584, are worth about $18.4 million.
Ark Invest funds are broadly focused on disruptive technologies like artificial intelligence (AI), robotics and automation, blockchain and fintech, space and defense, and DNA sequencing.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Ark Invest CEO Cathie Wood. Image source: Getty Images.
Meta is one of the so-called "Magnificent Seven" mega-tech stocks that led the broader market higher in recent years. These top tech names, which include Amazon, Alphabet, and Microsoft, have mostly stagnated in 2026 amid investor concerns that the massive borrowing and spending they're undertaking to rapidly build out AI data centers will eventually pay off.
The four major hyperscaler companies are projected to collectively spend $630 billion on AI infrastructure this year alone. Meta's share of that total is about $135 billion, up from $72 billion in 2025.
Meta's share price is down 17% over the past 52 weeks and more than 9% in 2026.
My educated guess is that Wood is buying the dip in Meta shares because she believes investors may currently be overly pessimistic about the company's future.
Meta will announce its second-quarter financial results on Wednesday, July 29. What Meta management says about its AI-related borrowing and spending, as well as its earnings outlook, will likely move the stock.
Wood has always been intensely bullish on technologies she considers disruptive, including cryptocurrencies. More cautious investors should probably wait to see what Meta reports in late July before investing.
Should you buy stock in Meta Platforms right now?
Before you buy stock in Meta Platforms, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Meta Platforms wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $379,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,206,116!*
Now, it’s worth noting Stock Advisor’s total average return is 886% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of July 28, 2026.
Matthew Benjamin has positions in Alphabet and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.
Recommended Articles
