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Ark Investment Management

All articles tagged with #ark investment management

technologyinvestment1 year ago

"Cathie Wood's Ark Invests $54 Million in OpenAI, Elon Musk Sued"

Cathie Wood's Ark Investment Management has invested in OpenAI through its $54 million Ark Venture Fund, signaling a belief in the potential of the AI industry to reshape the tech landscape. OpenAI, a leading player in artificial intelligence, has attracted significant investment, including from Microsoft. The Ark fund, which focuses on both public and private firms, sees substantial growth potential in AI companies and aims to capture a significant portion of the projected $16 trillion market cap by 2030.

via Fortune|
#ark-investment-management#artificial-intelligence#cathie-wood
financeinvesting1 year ago

"Reddit's IPO: Cathie Wood's Ark Funds Make Initial Investment Amidst Questions"

Cathie Wood's Ark Investment Management took small positions in Reddit Inc. during its market debut, purchasing shares for two of its exchange-traded funds. The ARK Next Generation Internet ETF bought 5,914 shares, and the ARK Fintech Innovation ETF scooped up 4,068 shares. Despite a slump in ARK assets, Wood's successful bets on companies like Tesla Inc. and AI have maintained her popularity among individual investors. Reddit's IPO is the fourth-largest on a US exchange in 2024, contributing to a revival in first-time share sales after two slow years.

via Yahoo Finance|
#ark-investment-management#cathie-wood#financeinvesting
cryptocurrency2 years ago

ARK and Wisdomtree lead the race for Bitcoin ETF approval amidst regulatory challenges.

ARK Investment Management, founded by Cathie Wood, is reportedly ahead of BlackRock in the race for a spot Bitcoin ETF in the US. ARK and 21Shares filed an application with the SEC for a spot Bitcoin ETF in April, and their next decision date is Aug. 13, 2023, ahead of BlackRock's. However, experts believe that the SEC is unlikely to approve a spot Bitcoin ETF in 2023, as it hasn't progressed much since the Winklevoss twins filed for one in 2017.

via Cointelegraph|
#ark-investment-management#bitcoin-etf#blackrock
cryptocurrency2 years ago

BlackRock's ETF Filing Sparks Bitcoin Excitement and Speculation.

ARK Investment Management claims to be first in line for potential approval of a spot-Bitcoin ETF, ahead of BlackRock, despite the latter's recent filing for the iShares Bitcoin Trust. ARK and 21Shares filed an application for a Bitcoin ETF in April, which is currently the only one ahead of BlackRock's. However, a spot-Bitcoin ETF does not currently exist in the US, and regulators have been hesitant to approve one in the past due to concerns over market manipulation.

via Yahoo Finance|
#ark-investment-management#bitcoin-etf#blackrock
finance2 years ago

"Cathie Wood's Latest Tech Investments: Meta, AI, and TSMC"

Cathie Wood's ARK Investment Management bought shares of Meta Platforms Inc., the company behind Facebook, for the first time since 2021. The flagship ARK Innovation ETF and the Ark Next Generation Internet ETF added shares of Meta while selling some of their Tesla Inc. holdings. Tech stocks have surged this year, with the Nasdaq 100 up 35% and Meta up 125%. Cathie Wood became popular during the pandemic as her funds surged, but her suite of products, including ARKK, have suffered more recently.

via Yahoo Finance|
#ark-investment-management#cathie-wood#facebook
finance2 years ago

"Cathie Wood Increases Coinbase Stake Amid SEC Lawsuit and Crypto Market Volatility"

Cathie Wood's ARK Investment Management purchased 419,324 shares of Coinbase, worth around $21.6 million, after the U.S. Securities and Exchange Commission sued the crypto exchange for violating federal securities law. The purchase took ARK's total Coinbase holdings to 11.44 million shares, valued at around $590 million. Coinbase's stock was down over 12% at the end of U.S. trading hours on Tuesday.

via CoinDesk|
#ark-investment-management#cathie-wood#coinbase
finance2 years ago

AMD's Stock Struggles Continue Despite Positive Earnings Report.

Cathie Wood's ARK Investment Management bought over 26,200 shares of Advanced Micro Devices (AMD) when the stock dropped over 9% due to weak guidance and a slump in PC revenue. The estimated valuation of the purchase was over $2.1 million. Funds operated by ARK also bought over 564,000 shares of Pacific Biosciences of California Inc (PACB) at an estimated valuation of over $6.6 million.

via Benzinga|
#advanced-micro-devices#ark-investment-management#cathie-wood