Cathie Wood Sells More Nvidia Shares After Rally: Here's How Many Shares Ark Funds Owns Of AI Giant
Portfolio Pulse from Chris Katje
Ark Funds has continued selling Nvidia shares since the company reported Q1 financial results. Cathie Wood's Ark Funds sold 23,290 shares of Nvidia from the Ark Autonomous Technology & Robotics ETF, representing around $8.8 million. The proceeds were used to add to positions in Teradyne Inc and UIPATH Inc.
June 01, 2023 | 6:36 pm
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NEGATIVE IMPACT
Ark Funds has been selling Nvidia shares, potentially indicating a lack of confidence in the stock's short-term performance.
Ark Funds' continued selling of Nvidia shares may indicate a lack of confidence in the stock's short-term performance. As a major investor, their actions could influence other investors to follow suit, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Funds used proceeds from selling Nvidia shares to add to its position in UIPATH Inc, potentially signaling confidence in the stock.
Ark Funds' decision to use proceeds from selling Nvidia shares to add to its position in UIPATH Inc may signal confidence in the stock's short-term performance. This could lead to increased investor interest and a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Funds used proceeds from selling Nvidia shares to add to its position in Teradyne Inc, potentially signaling confidence in the stock.
Ark Funds' decision to use proceeds from selling Nvidia shares to add to its position in Teradyne Inc may signal confidence in the stock's short-term performance. This could lead to increased investor interest and a positive short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80