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☆ Megacap tech may be the ultimate ‘quality’ play in an uncertain economy, The ETF Store president suggests
▼ + stars: | 2024-05-08 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

There may be a case to bet on technology stocks, even if interest rates remain higher for longer. While conventional wisdom suggests high rates should punish the group, investors still favor the earnings growth offered by megacap tech stocks, according to The ETF Store President Nate Geraci. "Investors are viewing megacap tech as a quality play," he told CNBC's "ETF Edge" on Monday. Even if a U.S. economic slowdown takes hold, Geraci thinks quality tech names can remain in a leadership role. "I think that causes investors to rethink making bets on companies with earnings that are far out into the future."

Persons: Nate Geraci, CNBC's, Cathie, Geraci Organizations: Technology, Innovation Locations: LSEG, U.S

☆ Why semiconductors could be the most efficient artificial intelligence play
▼ + stars: | 2024-04-18 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck's CEO. "Semiconductors have become the heart of the AI trade," Jan van Eck told CNBC's "ETF Edge" this week. His firm's VanEck Semiconductor ETF (SMH) , which tracks 25 of the biggest chipmakers in the country, is up 21% this year as of Wednesday's close. However, SMH has fallen nearly 6% this month, led to the downside by Intel , AMD and On Semiconductor . Still, Akins advises investors to pay attention to semiconductor fund flows as a barometer for future performance.

Persons: Jan van Eck, CNBC's, SMH, it's, Van Eck, van Eck, Mike Akins, Akins, pare Organizations: Semiconductors, Semiconductor, Intel, AMD, Nvidia

☆ Goldman Sachs money manager: Be selective with small caps because prices ‘can go down with great velocity'
▼ + stars: | 2024-04-08 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Goldman Sachs sees opportunities in small-cap stocks — even as the Russell 2000 finishes its worst week since early January. "I do think that you have to be very selective in small caps because things can go down with great velocity," he told CNBC's " Fast Money " on Thursday. "Within the Russell 2000, you have a lot of stuff that you probably don't want to own," he said. Even with the losing week, the Russell 2000 is up almost 2% for the year, as of Friday's market close. "Other financial conditions have eased a bit, which is also helpful for small caps.

Persons: Goldman Sachs, Russell, Greg Tuorto, CNBC's, Tuorto Organizations: Core Equity ETF, Federal Signal Corp, SPX Technologies, Federal Reserve, Nvidia, Innovation Locations: Cava, Cava —

☆ 'Biggest mistake' bond investors may make ahead of Fed rate cuts
▼ + stars: | 2024-04-04 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

"Your biggest mistake could be rushing back into equities before you're considering all these opportunities in fixed income," BondBloxx co-founder and COO Joanna Gallegos told CNBC's "ETF Edge" this week. To manage interest rate volatility effectively, Gallegos suggests investors look to exchange-traded funds focused on intermediate term bonds. Morgan Stanley Investment Management's Tony Rochte recommends a similar medium-term strategy with vehicles like the Eaton Vance Total Return Bond ETF (EVTR) under his firm's management. Rochte also pointed to municipal bond funds, like the Eaton Vance Short Duration Municipal Income ETF (EVSM), for income-generating opportunities. "We also converted a municipal bond mutual fund last Monday here at the NYSE to an ETF, symbol EVSM, and that's a municipal.

Persons: BondBloxx, Joanna Gallegos, CNBC's, Gallegos, Morgan Stanley, Tony Rochte, Eaton Vance, Rochte Organizations: Treasury, Morgan Stanley Investment, Eaton, Bond, NYSE

☆ Experts hesitate on weight loss ETFs amid the obesity drug boom
▼ + stars: | 2024-03-13 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

There may be a stronger case to invest in single stocks over exchange-traded funds in the weight loss space. With just two players currently at the forefront of the U.S. obesity drug market, ProShares' Simeon Hyman questions the relevance of weight loss ETFs for investors looking to buy into the industry. "If the benefits are going to incumbents, then maybe there isn't a theme per se that needs to be exploited." Strategas' Sohn also suggested that ETFs based on themes, rather than sectors or indices, might be falling out of favor with investors. So far in 2024, Novo Nordisk has gained 29% and Eli Lilly is up 30%, as of Wednesday's close.

Persons: Todd Sohn, Eli Lilly, Lilly, CNBC's, ProShares, Simeon Hyman, Sohn Organizations: Roundhill, Novo Nordisk Locations: U.S, Novo

Across much of America and especially in the normally chilly north, the country went through the winter months without, well, winter. The Lower 48 states averaged 37.6 degrees (3.1 degrees Celsius), which is 5.4 degrees (3 degrees Celsius) above average. But Iowa blew past its warmest February by 2 degrees, while parts of Minnesota were 20 degrees warmer than average for all of February, Gleason said. A strong ridge of high pressure kept the eastern United States warm and dry, while California kept getting hit with atmospheric rivers, she said. Winter weather expert Cohen, who is based outside of Boston, joked that the U.S. no longer has four seasons: "We have two seasons.

Persons: “, El Nino, ”, Jeff Masters, Masters, Karin Gleason, Gleason, Copernicus, Judah Cohen, Cohen, ” Cohen, Theresa Crimmins, weren’t, Crimmins, ” Crimmins, Patrick Whittle, ___ Read, Seth Borenstein Organizations: National Phenology Network, El, Climate, National Oceanic, Atmospheric Administration, National Centers for Environmental, Iowa, El Nino, Associated Press, Atmospheric Environmental Research, National Weather Service, Rutgers Snow Lab Locations: America, Colorado, New Jersey, Texas, Carolinas, U.S, Michigan, United States, Minnesota, Great, California, El, That's, Boston, Europe, Asia, Fort Kent, Maine, Portland , Maine, AP.org

☆ This popular ETF trend is helping investors manage risk exposure
▼ + stars: | 2024-02-18 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

While some investors are concerned that exchange-traded funds with options overlays could limit returns, experts see a key benefit at play. I think most notably within the active ETF space are portfolios that have options-embedded strategies within the portfolios," she said in the same interview. "Thinking about those 75% of ETFs that were launched last year, 70% were either active equity or equity derivative strategies." Morgan Stanley's Rochte sees more investors moving money out of popular fixed-income products and into risk assets as a result. "We're seeing some managers that will license the Nasdaq-100 index providing that tech exposure with options strategies on top."

Persons: Morgan Stanley's, Tony Rochte, —, CNBC's, Alison Doyle, Morgan Stanley's Rochte, Nasdaq's Doyle Organizations: Nasdaq, Big Locations: Big Tech

☆ This semi name just hit a fresh all-time high. Why its stock market dominance could last
▼ + stars: | 2024-02-07 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

Nvidia shares hit a fresh all-time high today, and its gains may still be in the early innings, according to VanEck CEO Jan van Eck. Nvidia is the VanEck Semiconductor ETF 's top holding. The fund tracks 25 of the largest semiconductor companies weighted by market cap. "They're trying to build their moat by now having software services, and now they're building a cloud solution," van Eck said. The VanEck Semiconductor ETF's top holdings as of Wednesday are Nvidia , Taiwan Semiconductor and Broadcom .

Persons: Jan van Eck, Van Eck, CNBC's, They've, van Eck Organizations: U.S, Nvidia, VanEck Semiconductor, Semiconductor, Taiwan Semiconductor, Broadcom

☆ How investors are playing emerging market opportunities in India and Japan
▼ + stars: | 2024-01-24 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Investors are increasingly looking to emerging market exchange-traded funds for growth at a reasonable price. David Mann, head of capital markets at Franklin Templeton, named India as one of the most popular countries with ETF investors in the past year. "[It] has been one of the emerging market standouts thus far, so India has been a great story." The firm's Franklin FTSE India ETF (FLIN) has risen 18.19% in the past year, as of Tuesday's close. As of Tuesday's close, the firm's Franklin FTSE Japan ETF (FLJP) gained 12.58% in the past year.

Persons: David Mann, Franklin Templeton, CNBC's, Mike Akins, Akins, Franklin Templeton's Mann, Action's Akins Organizations: Franklin, Franklin FTSE, Reliance Industries, HDFC Bank, Infosys, Toyota Motor, Sony Group, Mitsubishi UFJ Locations: India, Franklin, Franklin FTSE India, Japan, U.S, Franklin FTSE Japan

☆ Bank OZK CEO: 2023 was 'business as usual' despite turmoil in the industry
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank OZK CEO: 2023 was 'business as usual' despite turmoil in the industryGeorge Gleason, Bank OZK CEO, joins 'Money Movers' to discuss whether the regional banks are now active in the loan business, how cautious Gleason is for commercial real estate or construction loans, and more.

Persons: George Gleason, Gleason Organizations: Bank, Bank OZK

☆ Spot bitcoin ETFs are taking Wall Street by storm. Experts say options are next
▼ + stars: | 2024-01-20 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Exchange-traded fund experts anticipate spot bitcoin ETFs, which debuted this month, to spark a new wave of crypto products. Cboe Global Markets' Catherine Clay believes options are a natural progression for bitcoin ETFs. The Cboe, the largest U.S. options exchange, filed with the SEC on Jan. 5 to offer options linked to bitcoin exchange-traded products. "Folks who might not have been traditionally speculating on crypto directly in the crypto ecosystem are now going to have something to play with." "If what happens in bitcoin is what's happened in single stocks, we're going to see retail in particular and a lot of institutions move towards zero days to expiration options trading on bitcoin itself," he said.

Persons: Catherine Clay, Dave Nadig, Nadig, they're, Cboe's Clay, let's Organizations: Cboe, SEC Locations: U.S, bitcoin

☆ Prepping for America's Collapse: Inside an Off-the-Grid Utah Homestead
▼ + stars: | 2024-01-18 | by ( Evan Malmgren | ) www.businessinsider.com time to read: +17 min

The folks at Riverbed Ranch have answered these questions decisively, embracing a radical turn toward self-reliance and small-scale sustainability. He founded Riverbed Ranch after losing power during a winter storm. Gleason's wife, Colleen, said of Riverbed residents in a 2021 TV interview : "Most of them tend to be prepper types." AdvertisementGleason envisions Riverbed Ranch as a safe environment for families: "This is about the kids." "The American idea that we're going to go on forever is naive at best," Fisher told me.

Persons: Jesse Fisher's, Fisher, Philip Gleason, they'd, Gleason, Jesse Fisher, of Jesus Christ, Elon, Blonquist Gleason, " Gleason, Colleen, bristled, Priscilla Hart, Hart, you've, Sarah Vezzani, —, Vezzani, Lance Pope, Brittany Organizations: Apple Watch, of Jesus, dodgers, Fox News, Pew Research, Rockies Locations: Utah, Ukraine, Gaza, Idaho, Ogden , Utah, Ogden, Nebraska, America, Arizona, Santaquin , Utah

☆ Joyce Randolph, Last of the ‘Honeymooners,’ Is Dead at 99
▼ + stars: | 2024-01-14 | by ( Robert D. Mcfadden | ) www.nytimes.com time to read: 1 min

Joyce Randolph, who played the wife of a guffawing, rubber-limbed sewer worker forever mired in a blowhard neighbor’s get-rich-quick schemes and other hazards of life on the classic 1950s sitcom “The Honeymooners,” died on Saturday at her home in Manhattan. She was 99. Her death was confirmed to the website TMZ by her son, Randolph Charles. She was the last survivor of a cast of four that dominated the Saturday night viewing habits of millions in the golden age of live television, and for decades afterward on rerun broadcasts and home video. Jackie Gleason (Ralph Kramden) died in 1987; Audrey Meadows (Ralph’s wife, Alice) in 1996; and Art Carney (Ed Norton) in 2003.

Persons: Joyce Randolph, ”, Randolph Charles, Jackie Gleason, Ralph Kramden, Audrey Meadows, Alice, Art Carney, Ed Norton Locations: Manhattan

NEW YORK (AP) — Joyce Randolph, a veteran stage and television actress whose role as the savvy Trixie Norton on “The Honeymooners” provided the perfect foil to her dimwitted TV husband, has died. Randolph died of natural causes Saturday night at her home on the Upper West Side of Manhattan, her son Randolph Charles told The Associated Press Sunday. Randolph would later cite a handful of favorite episodes, including one in which Ed is sleepwalking. She’s too well-known as Trixie,’” Randolph told the Orlando Sentinel in 1993. Gleason died in 1987 at age 71, followed by Meadows in 1996 and Carney in 2003.

Persons: — Joyce Randolph, Trixie Norton, Randolph, Randolph Charles, Jackie Gleason’s, Gleason, Ralph Kramden, Audrey Meadows, Alice, Art Carney, Ed Norton, Trixie, Ed, Carney, ‘ Thelma, ”, Jackie Gleason, “, ’, ’ ”, She’s, ’ ” Randolph, Meadows, Jane Kean, Joyce Sirola, Eddie Cantor, Dean Martin, Jerry Lewis, Danny Thomas, Fred Allen, Angus, Chez Josephine, Richard Lincoln, Charles . —, Lindsey Bahr Organizations: Associated Press, Television Academy Foundation, The New York Times, “, Yale, San Antonio Express, Orlando Sentinel, Lambs Club, Lambs Locations: Manhattan, Brooklyn, Gleason’s, Sardi’s, Detroit, New York

☆ India is a ‘perfect’ emerging market for investors, ETF expert suggests
▼ + stars: | 2023-12-23 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

India could be the ideal site for emerging market investment, according to one ETF expert. "You've got a government that's a democracy that's supporting technology, and you've got a talent pool that's really unmatched on the planet," he said. Carter, who manages the India Internet & Ecommerce ETF (INQQ), underscored the significance of India's technology investments in particular. Carter's INQQ ETF focuses on Indian e-commerce and internet companies, targeting growth in the country's digital economy. "No other country on the planet has anything like this in terms of a digital foundation for their entire economy," Carter added.

Persons: Kevin Carter, EMQQ, CNBC's, You've, you've, Carter, they've Organizations: India, Ecommerce, Reliance Industries Locations: India

☆ Experts say retirement-age investors should consider active ETF strategies. Here’s why
▼ + stars: | 2023-12-10 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Investors nearing retirement are looking for ways to earn stable income while still growing their assets long term. Sohn suggested that investor appetite for stable income products has grown in part because of this year's narrow market leadership. That's leading some experts to recommend actively managed strategies, which represent 23.3% of all flows into equity and income products this year, according to data from Strategas. Brendan McCarthy, Goldman Sachs Asset Management's managing director of exchange-traded funds, contends that active ETFs with an options overlay strategy can help investors achieve those stable returns. McCarthy manages Goldman Sachs' new active funds, Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).

Persons: Todd Sohn, CNBC's, Sohn, That's, Brendan McCarthy, Goldman, McCarthy, Goldman Sachs, GPIX, GPIQ Organizations: Goldman, Goldman Sachs Nasdaq, Nasdaq Locations: Strategas, Goldman Sachs

☆ The No. 1 question to never ask in a job interview, says CEO who's interviewed hundreds: 'You risk sending the wrong message'
▼ + stars: | 2023-12-04 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

There is one question, in particular, you should "never" ask an employer, says Bert Bean, CEO of the staffing firm Insight Global: "What's the work-life balance for this role?" With this question, he explains, "You risk sending the wrong message about your career aspirations to a future employer." Asking hiring managers about the company's work-life balance can create an impression that you aren't engaged, reliable or committed to the role. "Your future employer shouldn't dictate to you what your boundaries should be." There are other ways to determine a company's approach to work-life balance outside of the interview.

Persons: Bert Bean, Bean, Barry Drexler, Mary Gleason, Drexler, you'll, Arthur C, Brooks Organizations: Insight, CNBC, Summit

JUNEAU, Alaska (AP) — A federal judge in Alaska on Friday rejected requests from environmental groups to halt winter construction work for the massive Willow oil project on Alaska’s North Slope while the groups’ legal fight over the drilling project wages on. U.S. District Court Judge Sharon Gleason just last month upheld the Biden administration’s approval in March of the ConocoPhillips Alaska project in the National Petroleum Reserve-Alaska and dismissed lawsuits brought by environmentalists and a grassroots Iñupiat group challenging Willow’s approval. Those groups are appealing that decision and asked Gleason to block winter construction work planned by ConocoPhillips Alaska while the appeal is pending. While ConocoPhillips Alaska had proposed five drilling sites, the U.S. Bureau of Land Management approved three, which it said would include up to 199 total wells. Erik Grafe, an attorney with Earthjustice, which represents several environmental groups in one of the cases, said Gleason's decision was disappointing.

Persons: Sharon Gleason, Gleason, Joe Biden’s, Rebecca Boys, Erik Grafe, Willow, ” Grafe Organizations: —, U.S, Biden, ConocoPhillips, National Petroleum Reserve, ConocoPhillips Alaska, U.S . Bureau of Land Management, Earthjustice Locations: JUNEAU, Alaska, ConocoPhillips Alaska, Willow

☆ Stick with bond funds and cash? ETF experts rethink popular portfolio strategies for 2024
▼ + stars: | 2023-11-24 | by ( Anna Gleason | ) www.cnbc.com time to read: +3 min

As of Wednesday's market close, though, the 10-year note fell to 4.408%, while the 100 largest taxable money market funds tracked by Crane Data have an average yield of 5.20%. In addition, nearly $1.2 trillion has flowed into money market funds this year through Nov. 15, compared to $264 billion into bond funds and $43 billion in U.S. equity funds, according to Goldman Sachs. In the meantime, Bartolini said clients willing to take on more risk should look to shorter-duration bond funds. The iShares 1-3 Year Treasury Bond ETF (SHY) that tracks shorter-duration notes has gained 0.22% this year as of Wednesday's close. The iShares U.S. Treasury Bond ETF (GOVT) , which has exposure to Treasurys ranging between 1 and 30 years in duration, was down 1.85% during the same period.

Persons: Dan Egan, CNBC's, Goldman Sachs, Matt Bartolini, Bartolini, Egan, it's Organizations: Federal Reserve, Behavioral Finance, Treasury, Crane Data, SPDR, SPDR Americas Research, Street Global Advisors, Treasury Bond ETF Locations: SPDR Americas, U.S

☆ ‘Unusual environment’: ETF experts see rare circumstance for growth vs. value trade
▼ + stars: | 2023-11-15 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Value exchange-traded funds have lagged growth in 2023 due to an unusual circumstance unfolding in the market, according to two experts. As of Tuesday's close, the iShares S&P 500 Growth ETF (IVW) has gained 22.84% this year. The iShares S&P 500 Value ETF (IVE) is up 11.27% in the same period. The IVE value ETF fell 7.38% last year, while the IVW growth ETF dropped 30.08%. "If you think about this, that's a really tough pill to swallow for value investors after it appeared value was turning the corner in 2022 following years of underperformance," he added.

Persons: Tom Hancock, Bob Pisani, Nathan Geraci, Geraci, Hancock Organizations: Quality, Big Locations: CNBC's

☆ ConocoPhillips' $8 billion Willow project approvals upheld by US judge
▼ + stars: | 2023-11-10 | by ( Clark Mindock | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies US judge upholds approvals for $8 billion Willow projectGroups say they are considering an appealNov 9 (Reuters) - A federal judge in Alaska on Thursday upheld U.S. approvals for ConocoPhillips’ multibillion-dollar Willow oil and gas drilling project in the state’s Arctic, rejecting environmental and tribal groups' concerns that the project poses too large of a climate threat. U.S. District Judge Sharon Gleason in Anchorage dismissed a lawsuit filed by environmental and tribal groups challenging the $8 billion project's approvals, which the U.S. Opponents claim the project would release hundreds of millions of tons of carbon pollution into the atmosphere, aggravating climate change and damaging pristine wilderness. The approvals give ConocoPhillips permission to construct three drill pads, 25.8 miles of gravel roads, an air strip and hundreds of miles of ice roads. The environmental and tribal groups challenged the approvals in two lawsuits filed in March.

Persons: Brendan McDermid, Sharon Gleason, Gleason, Erik Grafe, ConocoPhillips didn't, Joe Biden's, Iñupiat, Ian Dooley, Carole Holley, Earthjustice, Bridget Psarianos, Suzanne Bostrom, Rickey Turner, Paul Turcke, Ryan Steen, Whitney Brown, Jason Morgan, Luke Sanders, Stoel, Clark Mindock Organizations: ConocoPhillips, New York Stock Exchange, REUTERS, ConocoPhillips ’ multibillion, U.S, U.S . Interior Department, Earthjustice, Interior Department, of Land Management, Center for Biological Diversity, Sierra Club, Environmental, of Land, for Biological, District of, Trustees, U.S . Department of Justice, Thomson Locations: New York City, U.S, Alaska, Anchorage, District of Alaska

JUNEAU, Alaska (AP) — A federal judge on Thursday upheld the Biden administration’s approval of the Willow oil-drilling project on Alaska’s remote North Slope, a massive project that drew the ire of environmentalists who had accused the president of backpedaling on his pledge to combat climate change. She added that the alternatives analyzed by the U.S. Bureau of Land Management as part of its review were consistent with the policy objectives of the petroleum reserve and the stated purpose and need of the Willow project. The administration's action alienated and outraged some supporters, particularly young activists who launched a TikTok campaign to oppose the project ahead of its approval in March. Connor Dunn, vice president of the Willow project for ConocoPhillips Alaska, said in court documents that it was “highly unlikely” that Willow would proceed if the administration’s approval were to be vacated. Many Alaska Native leaders on the North Slope and groups with ties to the region have argued that Willow is economically vital for their communities.

Persons: backpedaling, Sharon Gleason, ” Gleason, Erik Grafe, Earthjustice, ” Bridget Psarianos, Inupiat, ” Psarianos, Joe Biden’s, Deb Haaland, Connor Dunn, Dunn, Gleason, Rebecca Boys, Willow, Trump, Biden, greenlight, Mike Dunleavy, “, ”, Nagruk Harcharek Organizations: —, Biden, National Petroleum Reserve, U.S . Bureau of Land Management, ConocoPhillips, Land Management, Gleason ., Alaska, Republican Gov Locations: JUNEAU, Alaska, North, Willow, ConocoPhillips Alaska, ”

☆ Why BlackRock's Rick Rieder says investors 'underestimate' active fixed income ETFs
▼ + stars: | 2023-11-05 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

BlackRock Chief Investment Officer of Fixed Income Rick Rieder said investors underestimate actively managed fixed income exchange-traded funds. He told CNBC's "ETF Edge" this week that one of his firm's newest fixed income funds, the BlackRock Flexible Income ETF (BINC), has outperformed peers because its allocations are based on current market opportunity. "The beauty of this active ETF is we can move around and take advantage of where the opportunity is," said Rieder, who manages roughly $2.6 trillion in fixed income assets. "I think active ETFs in fixed income, people underestimate." U.S. high yield credit follows at nearly 17%, then U.S. investment grade credit at approximately 14% of total allocations.

Persons: Rick Rieder, CNBC's, Rieder, BINC, … Organizations: BlackRock, Bond Locations: BlackRock, Brazil, Mexico, Europe

☆ Founders Fund backed Jennifer Campbell's startup before she sold it to Coinbase for millions. Now she's looking to 'harpoon' a startup 'whale' as the firm's newest partner.
▼ + stars: | 2023-10-26 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Jennifer Campbell left Coinbase to become a partner at Founders Fund. Before Founders Fund, Campbell built and sold a crypto prime brokerage startup. Before Campbell invested at Founders Fund, she got funded by them. Before long, she caught the attention of several funds, including her former backers at Founders Fund, circling the same deals. AdvertisementAdvertisement"I felt like I always knew I wanted to come back to Founders Fund," Campbell said.

Persons: Jennifer Campbell, Coinbase, Campbell, —, let's, Fund's, Erin Gleason Organizations: Founders Fund, Fund, Service, SpaceX, Quiet Locations: San Francisco's Presidio, Coinbase, OpenAI

☆ Cathie Wood explains how the artificial intelligence boom could propel Ark's Innovation ETF
▼ + stars: | 2023-10-20 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

Ark Invest's Cathie Wood said this week that investors in her firm's flagship Ark Innovation ETF (ARKK) stand to profit given the artificial intelligence boom. Ark's Innovation fund, which focuses on disruptive technologies such as AI, has gained 17% this year as of Thursday's close. She called out the "Magnificent Seven" mega-cap tech stocks, with the exception of Tesla , the ETF's top holding. We think AI is going to be highly disruptive." For that reason, she suggested that the Ark Innovation ETF was a bet on the future of AI.

Persons: Cathie Wood, Bob Pisani, Wood, Tesla Organizations: Innovation, Ark, CNBC Locations: CNBC's

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