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Cathie Wood Adjusts Portfolio, Sells AI Stocks and Buys Alibaba and Fintech Shares

Originally Published 3 months ago — by Yahoo Finance

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Source: Yahoo Finance

Cathie Wood's ARK Invest has trimmed its stake in Palantir amid a broader shift towards fintech and automation, reflecting cautious recalibration in AI valuations, while still maintaining a focus on disruptive innovation through new investments in fintech and robotaxi companies.

Cathie Wood Adjusts Portfolio with AI, Chinese Giants, and U.S. Stocks

Originally Published 3 months ago — by TheStreet

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Source: TheStreet

Cathie Wood's ARK Invest has trimmed its stake in Palantir amid a broader shift towards fintech and automation, reflecting cautious recalibration despite her continued confidence in innovation and AI. The move comes as Palantir's stock has surged over 130% this year, driven by strong earnings and major government contracts, positioning it as a key AI infrastructure player.

Circle's Stock Soars as Stablecoin Gains Continue

Originally Published 7 months ago — by Investor's Business Daily

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Source: Investor's Business Daily

Cathie Wood's ARK Invest bought 4.48 million shares of Circle during its IPO, which surged 168% on debut, while trimming holdings in Coinbase, Robinhood, and Block. Circle's IPO raised nearly $1.1 billion, valuing it at around $6.9 billion, and the stock's early gains reflect strong investor interest in the stablecoin issuer.

Rocket Lab's Stock Skyrockets Amid Sales Surge and Strategic Moves

Originally Published 1 year ago — by Benzinga

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Source: Benzinga

Cathie Wood's Ark Invest sold $9 million worth of Rocket Lab shares after a 28% surge following strong financial results and new contracts. The firm also invested in Amazon, which saw a stock rise due to its new "Haul" storefront, and Archer Aviation, which secured a major deal with a Japanese aviation giant. Additionally, Ark Invest made trades involving Joby Aviation, Advanced Micro Devices, and other companies.

Cathie Wood: Trump's Return Could Spark Economic Boom and Crypto Surge

Originally Published 1 year ago — by The Daily Hodl

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Source: The Daily Hodl

Cathie Wood of ARK Invest predicts a historic surge in digital assets, including Bitcoin, under a pro-crypto Trump administration. She highlights the potential for innovation in digital property rights and financial services, emphasizing the importance of deregulation to foster this growth. Wood believes the new political climate will support the development of crypto technology, which she views as a crucial, yet underdeveloped, part of the internet.

Cathie Wood Defends ARK Strategy Amid Nvidia Miss and Rate Cut Pleas

Originally Published 1 year ago — by Business Insider

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Source: Business Insider

Cathie Wood of Ark Invest expressed regret over selling Nvidia stock too early, missing out on its 172% gain this year. She acknowledged that had she known the market would reward Nvidia and other top tech stocks, she would have held onto it. Despite her previous concerns about Nvidia's volatility, the stock has significantly outperformed expectations.

Bitcoin ETF Outflows Surpass $300 Million, Overtaking Grayscale and Setting Record Volumes

Originally Published 1 year ago — by Decrypt

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Source: Decrypt

Ark Invest's 21shares's spot Bitcoin ETF, ARKB, experienced net daily outflows of $87.5 million on April 2, surpassing Grayscale's GBTC for the first time. Since the SEC approved multiple spot Bitcoin ETFs in January, Grayscale has consistently seen investors withdraw funds due to lower fees charged by other ETFs. With the upcoming halving of Bitcoin's supply, some analysts speculate that ETFs' demand for BTC could lead to a supply crunch and drive up its price, while others argue against the idea of an ETF-led "supercycle."

"Elon Musk's $56 Billion Loss and Tesla's Texas Move: A Legal Battle Explained"

Originally Published 1 year ago — by TESLARATI

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Source: TESLARATI

ARK Invest's Cathie Wood criticized the Delaware court's decision to void Elon Musk's 2018 performance-based pay package, calling it "unAmerican" and an assault on investor rights. Wood and ARK Invest's General Counsel analyzed the court decision and argued that it missed key points. In response, Musk posted a poll about changing Tesla's state of incorporation to Texas, and shareholders have written to the Tesla Board of Directors supporting this change and requesting options to keep Musk's 2018 pay package in place.

"Cathie Wood's Latest Tech Stock Buying Spree: Bitcoin, Tesla, and AI Bargains"

Originally Published 1 year ago — by CoinGape

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Source: CoinGape

Cathie Wood's Ark Invest, through its ARK Next Generation Internet ETF (ARKW), continued its buying spree of crypto-related shares, purchasing 1.27 million units of the Ark 21Shares spot Bitcoin ETF (ARKB) worth $51 million. Additionally, ARKW also acquired shares of Tesla and Robinhood Markets, while increasing its Bitcoin allocation for 2023. Wood has also made a bold prediction that Bitcoin could reach $2.3 million per coin based on a hypothetical scenario outlined in Ark Invest's Big Ideas report for 2024. Meanwhile, Coinbase and Robinhood are set to release their quarterly earnings, and Cathie Wood's confidence in Bitcoin's value proposition remains strong.

"Maximizing Portfolio Returns: ARK Invest's Bitcoin Strategy for 2023-2024"

Originally Published 1 year ago — by CoinDesk

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Source: CoinDesk

ARK Invest's annual Big Ideas report for 2024 suggests that an optimal portfolio allocation for Bitcoin in 2023 was 19.4%, highlighting its potential as a diversifier and counterbalance to traditional assets. The report emphasizes Bitcoin's unprecedented growth potential and its low correlation with traditional assets, indicating its diversification benefits. While institutional demand has contributed to Bitcoin's recent outperformance, a potential bearish downturn is signaled, and the crypto winter crises of 2022-2023 are said to be coming to a close.

"Bitcoin's Post-ETF Approval Slide: Prices Plummet to Lowest Level"

Originally Published 2 years ago — by CoinDesk

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Source: CoinDesk

Bitcoin has dropped over 15% to around $41,300 since the first U.S. spot BTC ETFs listed last week, with $1.5 billion flowing out of the Grayscale Bitcoin Trust. Analysts believe that GBTC investors are taking full profit post-ETF conversion by exiting the bitcoin space entirely rather than shifting to cheaper spot bitcoin ETFs, putting further pressure on bitcoin prices. Meanwhile, Ether could soar in 2024 on the back of hopes of a spot ETH ETF listing and Ethereum's upcoming Dencun upgrade, while ARK Invest sold a further $15 million worth of shares in the ProShares Bitcoin Strategy ETF and pivoted toward its own spot bitcoin ETF.

"Market Update: Nasdaq Surges, Boeing Plunges, and Nvidia Makes Waves"

Originally Published 2 years ago — by Investor's Business Daily

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Source: Investor's Business Daily

The Dow Jones Industrial Average reversed higher with a broad rally, while Nvidia cleared a buy point and Cathie Wood of Ark Invest bought shares of Palantir Technologies despite its 28% plunge. Other stocks like DexCom and Golub Capital also cleared buy points. The S&P 500 and Nasdaq composite were strong, with technology and consumer discretionary leading the upside. Boeing stock plunged after the Federal Aviation Administration ordered the temporary grounding of the 737 Max 9 jet, while other components like Salesforce and Intel boosted the Dow.