-
Binance's Regulatory Woes Are Coinbase's Gain, Says Cathie Wood
Thursday, June 8, 2023 - 2:34am | 454Ark Investment Management CEO Cathie Wood declared that Coinbase Inc (NASDAQ:COIN), the world’s second-largest cryptocurrency exchange, is poised to benefit given that rival exchange, Binance Holdings, is facing regulatory issues in the U.S. What Happened: Wood believes the disappearance of...
-
Cathie Wood, Unfazed By SEC Lawsuit, Picks Up A Whopping $21M Stake In Coinbase Even As Stock Tanked 12%
Tuesday, June 6, 2023 - 9:58pm | 407Cathie Wood-led ARK Investment Management bought a whopping stake in Coinbase Global Inc (NASDAQ:COIN) on Tuesday – a day when the stock tanked over 12% in the aftermath of the Securities and Exchange Commission (SEC) suing the company in a federal court. Funds operated by ARK bought over 419,000...
-
Cathie Wood's Ark Analyst Raises Eyebrows Over Apple Vision Pro's $3,499 Price Tag: 'Seems A Lot'
Tuesday, June 6, 2023 - 8:26am | 487Brett Winton, chief futurist at Cathie Wood's ARK Investment Management, appears to be unimpressed with Apple Inc's (NASDAQ:AAPL) Vision Pro pricing and said it is difficult to see spatial computing become the dominant paradigm over the next couple of years. "$3,499 for the Apple Vision Pro. Seems...
-
Cathie Wood Vindicated? Ark Portfolio Stock Rips Higher On Apple Vision Pro Tie-Up
Tuesday, June 6, 2023 - 4:42am | 561Shares of video game software maker Unity Software, Inc. (NYSE:U) soared in late afternoon trading on Monday after a brief trading halt. What Happened: Unity Software shares were trading mostly sideways around the $31 level until an announcement from Apple, Inc....
-
Cathie Wood Challenges The Hype: Is Nvidia Really The Only AI Play?
Tuesday, May 30, 2023 - 7:45am | 451Despite Nvidia Corp.’s (NASDAQ:NVDA) impressive AI prospects that have garnered widespread attention from investors and analysts, Ark Investment Management founder Cathie Wood remains unconvinced. Is Nvidia Overvalued? Wood took to Twitter on Monday to...
-
Cathie Wood Alarmed By US Falling Behind In Bitcoin Race: 'We're Losing It'
Wednesday, May 24, 2023 - 12:50am | 371Cathie Wood, the founder of ARK Investment Management LLC, has spoken out about the United States’ regulatory system hindering the country from being a leader in the Bitcoin (CRYPTO: BTC) movement. What Happened: In her speech at Fortune’s Most Powerful Next Gen Conference, Wood...
-
Cathie Wood Scooped Up $17M Worth Of Zoom Shares On A Day They Fell 8%
Tuesday, May 23, 2023 - 10:32pm | 397Cathie Wood-led ARK Investment Management bought over 267,000 shares of communications technology company Zoom Video Communications Inc (NASDAQ:ZM) at an estimated valuation of over $17.5 million based on Tuesday's closing price. The stake hike was done via the ARK Innovation ETF (NYSE:ARKK) and...
-
Cathie Wood Unfazed By Autopilot Concerns, Calls Tesla's FSD 'Most Impactful AI Project'
Friday, May 12, 2023 - 1:58am | 607Cathie Wood‘s Ark Investment Management recently updated its valuation framework for Tesla Inc (NASDAQ:TSLA), indicating that the majority of the value would come from Robotaxis. In an interview earlier this week, Wood shared her thoughts on the controversies surrounding Autopilot and the...
-
Cathie Wood Makes Whopping $43M Palantir Buy After Stock's Massive Surge
Wednesday, May 10, 2023 - 10:15pm | 425Cathie Wood-led ARK Investment Management loaded up a whopping stake in Palantir Technologies Inc (NYSE:PLTR) after the company declared strong quarterly earnings and said it expects to remain profitable each quarter through the end of the year. Funds operated by ARK bought over 4.37 million shares...
-
Cathie Wood Cashes Out Nearly $4M In Shopify As Stock Pops 24% On Upbeat Q1
Friday, May 5, 2023 - 4:58am | 283Cathie Wood-led Ark Investment Management, which holds Shopify, Inc. (NASDAQ:SHOP) shares in three of its exchange-traded funds, sold nearly $4 million of the company’s stock on Thursday when the Canadian e-commerce retailer beat first-quarter estimates and laid out a roadmap to increase...
-
Cathie Wood Scoops Up AMD Stock On A Day When It Tanks Over 9%: Also Raises Stake In This Biotech Company
Wednesday, May 3, 2023 - 10:35pm | 386Cathie Wood-led ARK Investment Management bought over 26,200 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Wednesday when the stock tanked over 9%, dragged by weak guidance and a slump in PC revenue. What Happened: The ARK Next Generation Internet ETF (NYSE:ARKW) bought AMD shares at an...
-
Cathie Wood Bets Big On Coinbase With Whopping $8M Investment, Despite SEC Troubles
Monday, May 1, 2023 - 10:22pm | 432Cathie Wood-led ARK Investment Management bought over 168,000 shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ:COIN) at an estimated valuation of over $8.4 million based on Monday's closing price. What Happened: The purchase was done via the flagship ARK Innovation ETF (NYSE:...
-
Cathie Wood Makes Massive $12M Purchase In This Streaming Company Post Earnings
Thursday, April 27, 2023 - 10:40pm | 420Cathie Wood-led ARK Investment Management bought a massive stake in digital media player-maker Roku Inc (NASDAQ:ROKU) on Thursday following its quarterly earnings release. Funds operated by ARK bought over 215,000 shares of Roku at an estimated valuation of over $12 million based on Thursday's...
-
Cathie Wood Is Unstoppable With Tesla Stock – Defies Wall Street To Make Whopping $29M Purchase
Wednesday, April 26, 2023 - 8:45pm | 433Cathie Wood-led ARK Investment Management loaded up on Tesla Inc (NASDAQ:TSLA) shares on a day when the stock fell over 4%. What Happened: ARK, which is known to have defied Wall Street's negative stance on Tesla multiple times in the past, bought over 190,000 shares of the EV-maker at an estimated...
-
Cathie Wood Bets Big On Roblox With $19.5M Purchase — Also Loads Up On This Biotech Stock
Monday, April 17, 2023 - 11:17pm | 421Cathie Wood-led ARK Investment Management loaded up over 484,000 shares of video-game developer Roblox Corp (NYSE:RBLX) valued at over $19.48 million based on Monday's closing price. What Happened: The purchase was done via the ARK Innovation ETF (NYSE:ARKK), the ARK Next Generation Internet ETF (...