Here's How Much Cathie Wood, Ark Invest Missed Out On By Selling Nvidia Early
Portfolio Pulse from Chris Katje
Cathie Wood's Ark Invest sold its Nvidia (NVDA) shares too early, missing out on significant gains. The Ark Innovation ETF (ARKK) sold its Nvidia shares between November 2022 and January 2023, missing out on potential profits of $777.6 million. Despite this, Ark Invest still holds Nvidia shares in smaller ETFs and remains bullish on AI, with Tesla (TSLA) being a major holding.
May 30, 2024 | 3:39 pm
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NEGATIVE IMPACT
The Ark Innovation ETF sold its Nvidia shares too early, missing out on potential profits of $777.6 million. This decision may impact investor confidence in the ETF's timing.
Selling Nvidia shares early resulted in a significant missed profit opportunity, which may affect investor confidence in ARKK's decision-making.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Fintech Innovation ETF holds 11,793 shares of Nvidia, worth $13.4 million. This holding indicates Ark's belief in Nvidia's potential.
Ark Invest's holding of Nvidia shares in ARKF reflects ongoing confidence in Nvidia's growth potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Ark Autonomous Technology & Robotics ETF holds 18,651 shares of Nvidia, worth $21.2 million. This holding reflects Ark's continued belief in Nvidia's potential.
Despite selling Nvidia shares in its flagship fund, Ark Invest continues to hold Nvidia shares in ARKQ, indicating ongoing confidence in Nvidia's growth potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Ark Next Generation Internet ETF holds 17,224 shares of Nvidia, worth $19.6 million. This holding shows Ark's continued interest in Nvidia's growth.
Ark Invest's continued holding of Nvidia shares in ARKW suggests confidence in Nvidia's future performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Ark Invest sold its Nvidia shares too early, missing out on significant gains. The shares sold in November 2022 would be worth much more today.
Nvidia's stock has significantly increased in value since Ark Invest sold its shares. This missed opportunity highlights the potential for further gains in Nvidia's stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ark Invest highlights UiPath as a way to play the AI sector with lower revenue multiples and potential for exponential growth.
UiPath's potential for exponential growth in the AI sector makes it a significant holding for Ark Invest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Tesla is the largest holding in the Ark Innovation ETF at 11.7% of assets. Ark Invest sees Tesla as a major player in the AI revolution.
Ark Invest's significant holding in Tesla indicates strong confidence in Tesla's role in the AI revolution and its potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Ark Invest highlights Twilio as a way to play the AI sector with lower revenue multiples and potential for exponential growth.
Twilio's potential for exponential growth in the AI sector makes it a significant holding for Ark Invest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60