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Cathie Wood's Recent Investment Moves and Tech Stock Insights
2024-08-01 14:59:08
Stocks

Cathie Wood's Recent Investment Moves and Tech Stock Insights

Cathie Wood, the head of Ark Investment Management, has sold $8 million of Tesla shares while investing $12 million in CrowdStrike. Ark's flagship ETF has seen fluctuations in performance and faced criticism from Morningstar.

Wood aims for high returns but has experienced net outflows. Additionally, Ark sold $2.7 million in Coinbase shares due to regulatory issues.

Wood remains optimistic about Tesla's AI potential, particularly in autonomous driving and energy storage, potentially disrupting various industries. Investors are advised to evaluate Tesla's diverse segments for a comprehensive valuation perspective.

The press radar on this topic:

The Street
31. Juli 2024 um 22:45

Cathie Wood unloads $8 million of surging tech stock TheStreet Daily Newsletter

Finance
Technology
Cathie Wood's Ark Investment Management oversees the $6.4 billion Ark Innovation ETF, which has seen mixed performance, with a 153% return in 2020 but negative annualized returns over longer periods. Morningstar has criticized Ark's "forecasting talent," and the Ark Innovation ETF has suffered a $2.2 billion net outflow over 12 months. Wood recently sold $8 million worth of Tesla shares from the Ark Next Generation Internet ETF, despite predicting Tesla shares could reach $2,600 by 2029. Tesla..
The Street
1. August 2024 um 17:46

Cathie Wood snags $12 million of battered cyber stock TheStreet Daily Newsletter

Finance
Technology
Cathie Wood, head of Ark Investment Management, bought $12 million of CrowdStrike shares after a software issue; her flagship Ark Innovation ETF had a 153% return in 2020 but has since underperformed the S&P 500, facing Morningstar's criticism and $2.2 billion in net outflows over the past 12 months; she invests in high-tech categories like artificial intelligence, blockchain, DNA sequencing, energy storage, and robotics, aiming for 15% annual returns which her funds have not achieved; she pur..
Cointelegraph.com News
1. August 2024 um 12:44

Cathie Wood’s Ark sells $2.7M Coinbase shares as BTC fails $70K retest

Finance
Coinbase UK was fined $4.5M for 'high-risk' customer onboarding, as ARK Invest continued selling the Coinbase stock amid Bitcoin's failure to retest $70K.
Yahoo Finance
1. August 2024 um 11:32

Cathie Wood Thinks This Artificial Intelligence (AI) Stock Can Soar by 1,082%. Here's Why I Think It Could Run Even Higher Than That.

Finance
Technology
Economy
Environment
Tesla, an EV pioneer, is focused on autonomous driving with its FSD software, which Cathie Wood sees as a major growth driver. Tesla also has ambitious AI plans, including developing Optimus robots, which it aims to commercialize and sell to external customers starting in 2026. Tesla's energy storage business has doubled revenues over the last year and achieved strong unit economics with consistently expanding gross margins, helping offset stagnation in its core EV business. Investors should a..
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