Here's How Much Cathie Wood, Ark Invest Flagship Fund Missed By Selling Nvidia Early
Portfolio Pulse from Chris Katje
Cathie Wood's Ark Invest sold its Nvidia (NVDA) shares too early, missing out on a potential $506.8 million profit as Nvidia's stock price surged. Despite this, Wood remains optimistic about AI's growth, highlighting Tesla (TSLA), UiPath (PATH), and Twilio (TWLO) as potential long-term winners. Nvidia remains part of several Ark ETFs, including ARKW, ARKG, ARKF, and ARKQ, albeit no longer in the flagship ARKK fund.
February 23, 2024 | 9:30 pm
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NEGATIVE IMPACT
Ark Innovation ETF's early sale of Nvidia shares missed significant potential profits, impacting the fund's performance.
The early sale of Nvidia shares by ARKK could negatively impact investor perception of the fund's performance and decision-making, potentially affecting its short-term stock price.
CONFIDENCE 85
IMPORTANCE 95
RELEVANCE 90
NEUTRAL IMPACT
Ark Invest's early sale of Nvidia shares resulted in missing out on significant potential profits as Nvidia's stock price surged.
While the missed profits from selling Nvidia shares early are significant, Nvidia's continued presence in other Ark ETFs and the overall bullish outlook on AI may mitigate the direct impact on Nvidia's stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
UiPath highlighted by Cathie Wood as a potential long-term AI winner, possibly affecting its stock price positively.
Wood's positive outlook on UiPath as a long-term AI winner could increase investor interest, potentially leading to a positive impact on its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Cathie Wood identifies Tesla as a major AI stock winner, potentially influencing investor interest and Tesla's stock price.
Wood's endorsement of Tesla as a leading AI stock could attract investor interest, positively impacting Tesla's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Twilio identified by Cathie Wood as a potential long-term AI winner, which may positively influence its stock price.
Wood's positive outlook on Twilio as a long-term AI winner could lead to increased investor interest, potentially having a positive impact on its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60