Cathie Wood Calls Nvidia An 'Incredible AI Play' But Explains Why She Prefers This AI-Levered SaaS Provider Over The Chipmaker
Portfolio Pulse from Shanthi Rexaline
Cathie Wood, in a recent interview, discussed Ark's investment strategy around Nvidia Corp. (NVDA) and Twilio, Inc. (TWLO). She explained that Ark started researching AI in 2014, leading to investments in Nvidia. However, Ark sold Nvidia stocks when they saw a brewing inventory problem. They re-invested in the fourth quarter when the stock price dropped. Wood also mentioned that Ark prefers Twilio over Nvidia due to its valuation and its unique position in business-to-consumer communications.
July 15, 2023 | 1:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ark prefers Twilio over Nvidia due to its valuation and its unique position in business-to-consumer communications.
Ark's preference for Twilio over Nvidia is based on its valuation and its unique position in business-to-consumer communications. This could indicate a positive outlook for Twilio in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Ark's flagship Ark Innovation ETF (ARKK) sold Nvidia stock due to a perceived inventory problem.
Ark's decision to sell Nvidia stock from its flagship Ark Innovation ETF (ARKK) due to a perceived inventory problem could indicate a cautious approach towards Nvidia in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Ark's investment in Nvidia was influenced by its AI capabilities. However, they sold the stock due to a perceived inventory problem and re-invested when the stock price dropped.
Ark's investment strategy around Nvidia has been influenced by its AI capabilities. However, they sold the stock due to a perceived inventory problem and re-invested when the stock price dropped. This could indicate a cautious approach towards Nvidia in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80