Cathie Wood's ARK Innovation ETF (NYSEMKT: ARKK) has fallen nearly 60% in the past six months. Technology companies in particular have suffered stock blows due to macroeconomic headwinds like 40-year-high inflation, rising interest rates, and lingering concerns surrounding the war between Russia and Ukraine. Gross profit -- which is a better indicator of the company's financial health given that Block's top line is considerably impacted by fluctuations in Bitcoin -- grew 62% this past year, hitting $4.4 billion.