Cathie Wood went bargain hunting as growth stocks tumbled, adding to positions in Figma, Robinhood Markets, and Shopify during their recent declines. The three stocks fell 6-9% on Wednesday, extending losses from their peak levels. Wood, CEO and CIO of Ark Invest, took advantage of the market selloff to increase existing holdings in these previously high-flying companies.

Figma has plunged 84% from its August high despite its AI-powered design platform, with revenue growth decelerating from 46% to an expected 35%. Robinhood's 9% drop followed mixed Q4 results showing $1.28 billion revenue that missed forecasts. Shopify fell 6% despite posting 31% quarterly revenue growth, as analysts questioned valuations across tech platforms.

Wood's buying pattern continues her strategy of accumulating beaten-down growth stocks. The three companies now trade 35-84% below their recent peaks, representing significant markdowns from their 2021 highs. Investors will watch whether these purchases signal a bottom or if further declines await the struggling growth names, with Figma facing critical tests when it reports quarterly results next week.