Cathie Wood is a growth investor, but that doesn't mean she'll shy away from buying opportunities when her portfolios are coming under pressure. The co-founder and CEO of Ark Invest added to a few existing positions in her fund family's ETFs on Tuesday.
She was a buyer of CoreWeave (NASDAQ: CRWV), ***** eX (NASDAQ: SPCX), and X-Energy (NASDAQ: XE), which declined 3%, 7%, and 10%, respectively, on Tuesday. Let's take a closer look at the three potentially opportunistic purchases by Ark this week.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CoreWeave stock's 3% slide on Tuesday may not seem like much, but zoom out. The hyperscaler has seen its value cut nearly in half, down 48% since peaking exactly one year ago today. You can zoom out even more for a different story. CoreWeave went public at $40 a share just 16 months ago, and even closed slightly lower on its first day of trading. The shares have more than doubled from last year's IPO price.
CoreWeave has an origin story as wild as its stock chart. The company was started by a few hedge fund friends, who bought a few GPUs to mine crypto. When the market for digital currencies experienced a pullback, they had a choice to make. They could fold, as so many were doing in their position, or they could take advantage of the situation by picking up more GPUs at fire-sale prices from fellow failed crypto-mining upstarts.
She was a buyer of CoreWeave (NASDAQ: CRWV), ***** eX (NASDAQ: SPCX), and X-Energy (NASDAQ: XE), which declined 3%, 7%, and 10%, respectively, on Tuesday. Let's take a closer look at the three potentially opportunistic purchases by Ark this week.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CoreWeave stock's 3% slide on Tuesday may not seem like much, but zoom out. The hyperscaler has seen its value cut nearly in half, down 48% since peaking exactly one year ago today. You can zoom out even more for a different story. CoreWeave went public at $40 a share just 16 months ago, and even closed slightly lower on its first day of trading. The shares have more than doubled from last year's IPO price.
CoreWeave has an origin story as wild as its stock chart. The company was started by a few hedge fund friends, who bought a few GPUs to mine crypto. When the market for digital currencies experienced a pullback, they had a choice to make. They could fold, as so many were doing in their position, or they could take advantage of the situation by picking up more GPUs at fire-sale prices from fellow failed crypto-mining upstarts.
3 months ago
