Cathie Wood's Ark Spotlights $500B Opportunity In Fast-Growing Sector To Drive Electric Future — And Help Ford Save $100M
Portfolio Pulse from Anan Ashraf
Ark Investment Management, led by Cathie Wood, sees a $500 billion opportunity in 3D printing, which they believe will be crucial in the transition to electric robotaxis. Ark analyst Tasha Keeney estimates that 3D printing could reduce Ford Motor Co's total inventory costs by 10%, or $100 million. Ark holds nearly 12 million shares of Velo3D Inc across three funds: ARK Autonomous Tech. & Robotics ETF, ARK Space Exploration & Innovation ETF, and The 3D Printing ETF.
September 26, 2023 | 7:47 am
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POSITIVE IMPACT
Ark's optimistic view on 3D printing could attract more investors to ARKQ, potentially driving its price up.
ARKQ holds shares of Velo3D, a 3D printing company. Ark's positive outlook on the 3D printing sector could attract more investors to ARKQ, potentially increasing its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
ARKX could benefit from Ark's positive outlook on 3D printing, potentially leading to an increase in its price.
ARKX holds shares of Velo3D, a 3D printing company. Ark's positive outlook on the 3D printing sector could attract more investors to ARKX, potentially increasing its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ford could potentially save $100 million in inventory costs through the use of 3D printing, which could positively impact its financial performance and stock price.
Ark's estimate that 3D printing could reduce Ford's total inventory costs by 10% could positively impact Ford's financial performance, potentially leading to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PRNT could see a price increase due to Ark's positive outlook on the 3D printing sector.
PRNT is a 3D printing ETF. Ark's positive outlook on the 3D printing sector could attract more investors to PRNT, potentially increasing its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Velo3D could see a price increase due to Ark's positive outlook on the 3D printing sector and their significant holdings in the company.
Ark holds nearly 12 million shares of Velo3D. Ark's positive outlook on the 3D printing sector could attract more investors to Velo3D, potentially increasing its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100