Cathie Wood, the manager of the ARK Innovation ETF, has justified her fund's exit from Nvidia earlier this year, stating that the chipmaker has been priced "ahead of the curve". Nvidia's stock has more than doubled since ARKK exited in January 2023, and is now trading at 25 times the estimated sales for the current financial year. However, some analysts believe that the outlook for chips isn't quite picking up yet amid tepid demand for consumer electronics. Nvidia's co-founder, Jensen Huang, recently unveiled a number of AI products at the Computex trade show, including an AI supercomputer platform called DGX GH200.
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Ark Invest’s Cathie Wood Justifies Exit From Nvidia Due to Stretched Valuations
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Vitalik: Hope to see more EVM Rollups to improve data efficiency
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Musk: I still hold a lot of Dogecoin, and SpaceX holds a lot of Bitcoin
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Cryptocurrency transactions surge in Spanish real estate market
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Analysis predicts bitcoin price could reach $200,000 despite recent surge
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ARK Invest has invested $60 million in Musk's xAI startup
Cathie Wood's ARK Invest has invested $60 million in Elon Musk's xAI startup, accounting for approximately 2% of the fund's holdings. Last month, ARK Invest disclosed that 4% of its entire holdings were invested in OpenAI, and 5% were invested in Anthropic, the company behind the Claude AI model. -
ARK Invest increased its holdings of ARKB by more than $8.9 million yesterday and reduced its holdings of BITO by more than $800,000
Cathie Wood's ARK Invest reduced its holdings of 28,936 shares of ProShares Bitcoin Strategy ETF (BITO) on April 19, worth over $800,000. At the same time, it also increased its holdings of 139,152 shares of ARK 21 Shares Bitcoin ETF (ARKB), worth over $8.9 million.
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