EXCLUSIVE: Ark Invest Was 'There' With Nvidia At $5, Cathie Wood Tells Benzinga
Portfolio Pulse from AJ Fabino
Cathie Wood, the founder of Ark Invest, addressed investor concerns regarding Ark's multiple sales of Nvidia Corp (NASDAQ:NVDA) stock. Wood stated that Ark Invest takes profits when their stocks surge significantly in a short period. She recalled buying Nvidia shares back in 2014 when it was trading at roughly $5. Wood also mentioned that companies like Twilio Inc (NYSE:TWLO) and UiPath Inc (NYSE:PATH) are in her focus due to their lower revenue multiples and potential for exponential growth.
September 01, 2023 | 3:21 pm
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NEGATIVE IMPACT
Ark Invest's multiple sales of Nvidia stock could potentially impact its short-term price.
Ark Invest's decision to sell Nvidia stock when it surges could lead to increased supply in the market, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cathie Wood's interest in UiPath due to its lower revenue multiples and potential for exponential growth could positively impact its stock price.
Cathie Wood's interest in UiPath and its potential for exponential growth could attract other investors, potentially leading to an increase in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cathie Wood's interest in Twilio due to its lower revenue multiples and potential for exponential growth could positively impact its stock price.
Cathie Wood's interest in Twilio and its potential for exponential growth could attract other investors, potentially leading to an increase in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80