On Friday, the global IT system paralysis caused market turmoil, and the cybersecurity company was the instigator.$CrowdStrike (CRWD.US)$ARK ETF, managed by famous investor Cathie Wood, bought the dip with CrowdStrike, which crashed more than 11%.

On July 19 local time, Ark Investment, owned by Cathie Wood, bought 38,595 shares of CrowdStrike stock worth approximately $13.24 million through its ARK Fintech Innovation ETF.$ARK Next Generation Internet ETF (ARKW.US)$And.$ARK Fintech Innovation ETF (ARKF.US)$bought 38,595 shares of CrowdStrike stock worth approximately $13.24 million.

In addition to increasing their holdings in CrowdStrike, ARK also increased their shareholding in software development platform$Gitlab (GTLB.US)$by buying 38,519 shares of stock through their ARKW ETF, worth slightly over $2 million.

In terms of sales, ARK reduced their shareholdings in several companies, including continuing to sell their stocks in Tesla$Coinbase (COIN.US)$and further sold almost $4.39 million worth of Tesla stock after selling it on Thursday.

It is noteworthy that this global IT technology failure also caused the suspension of certain production lines of Tesla, and company employees have not been informed when they can resume work and production.

However, Musk's attitude was completely different from Cathie Wood's. He stated that

CrowdStrike had been removed from all systems and that CrowdStrike had not even released a new version. And he warned that the IT disruption had caused "the automotive supply chain to grind to a halt."

Analysts' attitudes also vary. Wedbush Securities analyst Dan Ives said:

"This is obviously a major blow to CrowdStrike and the stock will be under pressure.... The incident comes from a technical update, not hackers or cybersecurity threats, which is more worrisome."

Some analysts also believe that while Friday's incident has hurt CrowdStrike, they expect that competitors will not take away too much market share from them. Morgan Stanley's analyst said:

"Customers will initially be skittish, but the company has taken this issue head-on...the outage occurred and it was a big one, but we believe that CrowdStrike's due diligence and efficient response will help shine a light on its capabilities."

Former cybersecurity investor, current founder of security start-up Gusto, Ben Bernstein, said he plans to continue using CrowdStrike temporarily.

In addition, Ark Invest made minor adjustments to its holdings of some companies, including selling UiPath Inc and buying Oklo Inc, the latter being a continuous purchase of Ark Invest over the past week, reflecting potential trends in the company's investment strategy.

Editor/Somer