3 stocks that Cathie Wood believes in despite the price drop

Cathie Wood, co-founder and CEO of Ark Invest, is known for her aggressive strategy in investing in innovative and high-growth companies. Her funds focus on technology leaders and businesses that have the potential to change their industries.

Last week, Cathie Wood once again showed her willingness to buy stocks of companies that are under pressure. On Thursday, she bought shares in Roblox, Amazon and PagerDuty. Let's take a look at the reasons behind these investments.

Roblox $RBLX: A bold bet on the downside

Roblox plunged 11% on Thursday after investors were disappointed by its financial report. Although the company beat expectations in terms of revenue and profit, a key metric - bookings - grew more slowly than analysts had hoped. While revenue rose 32% year-over-year to $988 million, bookings grew only 21%, a slowdown from previous quarters.

The number of daily active users rose 19% to 85.3 million, a positive sign. However, average spend per user remained almost unchanged, which may…