Cathie Wood’s Ark Invest Buys $60 Million In Nvidia Stock After Chipmaker’s $40 Billion Plunge (2024)

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Cathie Wood’s Ark Invest Buys $60 Million In Nvidia Stock After Chipmaker’s $40 Billion Plunge (2024)

FAQs

Cathie Wood’s Ark Invest Buys $60 Million In Nvidia Stock After Chipmaker’s $40 Billion Plunge? ›

Cathie Wood's Ark Invest splurged on shares of Nvidia on Monday after the gaming-focused chipmaker warned it likely missed revenue projections last quarter—doubling down on a lofty investment even as a growing number of semiconductor stocks warn that weakening economic conditions will likely lead to revenue shortfalls ...

How much Nvidia stock did Cathie Wood sell? ›

The Nasdaq Composite index has climbed 19% so far this year. Cathie Wood, head of Ark Investment Management, is well known for actively buying and selling big-name stocks.

How much money did Cathie Wood lose? ›

Cathie Wood's Ark Invest has destroyed an estimated $14.3 billion in wealth over the past decade, according to a recent Morningstar analysis.

What stocks has Cathie Wood been buying? ›

3 Stocks Cathie Wood Just Bought to Get Back on Track in the Second Half of 2024
  • Wood added to her positions in Palantir, Archer Aviation, and Intellia Therapeutics on Monday.
  • Palantir is one of her largest holdings, and the big data analytics specialist has more than quadrupled since the start of last year.
Jul 2, 2024

Does Ark hold NVDA stock? ›

Ark was early to Nvidia and sold their shares for a profit, but missed out on additional profits if they had continued holding shares of the company that is now the third most valuable company in the world. In November 2022, the Ark Innovation ETF held 772,884 shares of Nvidia according to data from CathiesArk.

Who owns the most Nvidia stock? ›

The top individual shareholders of Nvidia are Jen-Hsun ("Jensen") Huang, Mark A. Stevens, and Tench Coxe. The top institutional shareholders are Vanguard Group Inc., BlackRock Inc. (BLK), and FMR LLC.

What was the highest price of Nvidia stock? ›

The all-time high NVIDIA stock closing price was 135.58 on June 18, 2024. The NVIDIA 52-week high stock price is 140.76, which is 35.7% above the current share price. The NVIDIA 52-week low stock price is 39.23, which is 62.2% below the current share price. The average NVIDIA stock price for the last 52 weeks is 72.74.

What happened to Cathie Wood ark? ›

The firm attracted nearly $30 billion in assets in 2020 and 2021, which were then decimated during the 2022 bear market when its flagship fund plunged 67%. The ARKK ETF destroyed $7.1 billion in wealth, while its healthcare-focused ARK Genomic ETF destroyed $4.2 billion in wealth, according to Morningstar.

Is Cathie Wood a billionaire? ›

Cathie Wood's net worth in 2024

Currently, most media outlets pin her net worth somewhere between $250 million and $300 million. According to the Bloomberg Billionaires Index, Cathie Wood has a net worth of roughly $220 million.

What happened to Ark stocks? ›

Many of ARK's holdings have declined tremendously from their 2021 peaks. Investors had largely stayed with Wood since ARK's downturn. In 2022 and 2023, the ETFs saw roughly $800 million assets outflow each year, even as the funds lost 20% to 70% of their value from the 2021 peak.

Has Cathie Wood sold Tesla? ›

Cathie Wood's firm Ark Invest sold some of its shares in EV maker Tesla (TSLA) and bought shares of drone maker Archer Aviation (ACHR).

Does Cathie Wood own Amazon stock? ›

Amazon (AMZN)

It's easy to see why Wood is invested in Amazon's (NASDAQ:AMZN) illustrious growth story. Last month, ARK Invest's ARK Next Generation ETF acquired 53,368 shares of AMZN stock for $9.9 million.

What are Cathie Wood's biggest holdings? ›

Wood has 37% of her Ark Invest portfolio invested in these seven stocks.
  1. Coinbase Global. Wood's top holding right now is Coinbase Global (COIN -5.22%). ...
  2. Tesla. It's probably not surprising that Tesla (TSLA -6.55%) ranks high among Wood's holdings. ...
  3. Roku. ...
  4. UiPath. ...
  5. Block. ...
  6. CRISPR Therapeutics. ...
  7. Zoom Video Communications.
Feb 12, 2024

Does Warren Buffett own NVDA? ›

Unsurprisingly, Buffett doesn't own a single share of Nvidia (NVDA 7.95%). So, has he missed out on the artificial intelligence (AI) stock's massive gains over the last few years? Not entirely.

Is NVDA still a good investment? ›

Nvidia stock still boasts a strong 97 on its Composite Rating and Relative Strength Rating. The EPS Rating is an ideal 99. Nvidia also is one of the Magnificent Seven stocks that led the 2023 stock rally. Some of these tech titans are customers that rely on Nvidia's advanced chips.

Is NVDA stock overpriced? ›

The Price / Sales ratio reflects how much you have to pay per $ of sales to own the stock. At around 40x Price / Sales, NVDA is among the most expensive companies out there. As recently as in Q3 2022, NVDA's Price / Sales ratio stood at just 10x before taking off to reach a high of 45x only 9 months later.

What was the price of Nvidia stock when it went public? ›

NVIDIA went public on January 22, 1999 at $12/share.

How much was Nvidia stock in 2000? ›

The closing price for NVIDIA (NVDA) in 2000 was $0.13, on December 29, 2000. It was up 38.6% for the year. The latest price is $103.71.

How much Tesla stock does Cathie Wood own? ›

Cathie Wood Tesla Inc

Cathie Wood acquired 5.31 Million Tesla shares worth $1.23 Billion. It makes up 10.98% of their stock portfolio and is their biggest holding. The first Tesla trade was made in Q4 2016. Since then Cathie Wood bought shares seventeen more times and sold shares on fifteen occasions.

How much are Nvidia assets worth? ›

NVIDIA has a market cap or net worth of $2.88 trillion as of July 31, 2024. Its market cap has increased by 150.85% in one year.

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