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Artificial intelligence has shaken up the investing landscape since the groundbreaking launch of ChatGPT in November 2022. Since then, investors have poured money into all things related to AI as they hunt for the next big winners. AI is poised to be a central theme as the technology transitions from early-stage winners to second-stage adopters. When it comes to chip stocks, Schleif also recommends taking a look at government grants. She highlighted the Global X Robotics and Artificial Intelligence ETF (BOTZ) , the First Trust Nasdaq AI and Robotics ETF (ROBT) and the Global X Artificial Intelligence & Technology ETF (AIQ).
Persons: Tesla, Nvidia —, Jay Woods, Carol Schleif, Schleif, Joe Biden, Nancy Tengler, Marguerita Cheng, BMO's Organizations: ChatGPT, Apple, Microsoft, Nvidia, Big Tech, Nasdaq, Freedom Capital, BMO Family Office, Samsung Electronics, Intel, Investors, Tengler, IBM, Blue, Global Wealth, Robotics, Intelligence, Technology Locations: Texas, Gaithersburg , Maryland
Now is not the time for investors to bail on Tesla , according to Ark Invest CEO Cathie Wood. Tesla shares have slumped more than 33% since the start of the year as it faces rising competition in China and slowing demand for electric vehicles, with the Elon Musk-run company reporting an 8.5% year-over-year decline in first-quarter deliveries earlier this week. Despite this recent pressure, Wood believes that the stock could hit $2,000 in the next five years. TSLA YTD mountain Tesla, YTD That's evident from recent moves at the investment firm. Wood snatched up 182,052 shares for the flagship ARK Innovation ETF , 42,744 shares for the ARK Next Generation Internet ETF , and 10,202 for the ARK Autonomous Technology & Robotics ETF , according to the firm's daily trading data from Tuesday.
Persons: Cathie Wood, it's, Tesla, CNBC's Andrew Ross Sorkin, Wood Organizations: Ark Invest, Elon, Innovation, ARK Autonomous Technology & Robotics Locations: China
Ark Invest — which has a particular focus on innovation — is invested in segments including autonomous vehicles, drones and robotics, energy storage, 3D printing, and space exploration through its Ark Autonomous Tech & Robotics ETF (ticker ARKQ). Autonomous cars: A $28 trillion opportunity Autonomous cars is one area related to AI that Keeney is "particularly excited about." "Autonomous cars are already driving in major cities today across the globe. Autonomous drones: A 'very hot topic' Beyond automakers, Keeney is looking to ride the autonomy wave through opportunities in drones. Keeney emphasized that drone technology can transcend military use cases and be applied across industries.
Persons: Tasha Keeney, CNBC's, Tesla, Keeney, Organizations: Ark Autonomous Tech, Robotics ETF, Invest, Defense, Security Solutions, Walmart, Google Locations: Mar
Ark Invest's Cathie Wood piled into Tesla shares Thursday as the electric vehicle company, one of her top holdings, sold off drastically after weak earnings and a slowdown warning. Wood's flagship ARK Innovation ETF added 148,246 shares of Tesla in the previous session, and 29,624 shares for her ARK Autonomous Technology & Robotics ETF , according to Ark's daily trading data. Combined, the purchases were worth more than $32 million based on Tesla's Thursday close of $182.63. Tesla shares shed 12% Thursday, suffering their biggest drop in over a year. Wood has been a longtime champion of Tesla, betting on an accelerated shift to EVs as well as Tesla's artificial intelligence capabilities.
Persons: Wood, Tesla Organizations: Tesla, ARK Autonomous Technology & Robotics, Elon Locations: Texas, Coinbase
ETF Edge, August 21, 2023
  + stars: | 2023-08-21 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Brazil, India – getting more "active" abroadX Robotics ETF represents a diverse swatch of sector benefiting from AI04:48Seemingly no one going for gold? Is it Bitcoin's fault?
Organizations: X Robotics, swatch Locations: Brazil, India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailX Robotics ETF represents a diverse swatch of sector benefiting from AICNBC's Bob Pisani and John Maier, Global X CIO, joins 'Halftime Report' to discuss sinking AI stock valuations, using AI to improve efficiencies and ETFs that represent AI stocks across sectors.
Persons: Bob Pisani, John Maier Organizations: swatch, Global
Beyond "Nvidia", broader AI beneficiaries
  + stars: | 2023-08-21 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Brazil, India – getting more "active" abroadX Robotics ETF represents a diverse swatch of sector benefiting from AI04:48Seemingly no one going for gold? Is it Bitcoin's fault?
Organizations: X Robotics, swatch Locations: Brazil, India
Keeping it "covered": options fund inflows continue
  + stars: | 2023-08-21 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Brazil, India – getting more "active" abroadX Robotics ETF represents a diverse swatch of sector benefiting from AI04:48Seemingly no one going for gold? Is it Bitcoin's fault?
Organizations: X Robotics, swatch Locations: Brazil, India
Brazil, India – getting more "active" abroad
  + stars: | 2023-08-21 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Brazil, India – getting more "active" abroadX Robotics ETF represents a diverse swatch of sector benefiting from AI04:48Seemingly no one going for gold? Is it Bitcoin's fault?
Organizations: X Robotics, swatch Locations: Brazil, India
Commodities crosscheck: China & inflation
  + stars: | 2023-08-14 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Brazil, India – getting more "active" abroadGlobal X Robotics ETF represents a diverse swatch of sector benefiting from AI04:48Seemingly no one going for gold? Is it Bitcoin's fault?
Organizations: X Robotics, swatch Locations: Brazil, India
Ark Invest's Cathie Wood built a sizable stake in Meta Platforms Monday after the innovation investor missed out on the recent rally in artificial intelligence winner Nvidia . Wood snapped up 150,459 shares of the Facebook parent for her flagship ARK Innovation ETF in the previous session. META YTD mountain Meta Platforms Meta has been a popular tech and AI play for hedge fund investors, including David Tepper, Daniel Sundheim and Philippe Laffont. Meta recently announced AI computer chips, which will power more advanced metaverse-related tasks, such as virtual reality and augmented reality, as well as generative AI. Wood revealed that her reason for dumping Nvidia was its high valuation as the stock was "priced ahead of the curve."
Persons: Wood, David Tepper, Daniel Sundheim, Philippe Laffont, Meta Organizations: Nvidia, Tesla, Taiwan Semiconductor, ARK Autonomous Technology & Robotics Locations: ARKK
Lauren Goodwin says investors should keep in mind that AI's eventual impact remains unknown. She said to invest thematically, focus on quality, and look at adjacent industries AI will rely on. Stocks like Nvidia and Microsoft — leaders in the AI space — have alone contributed to about 43% of the index's gains. "The excitement about generative AI has distracted investors from the possible risks of a looming recession," Goodwin said in a note on Tuesday. "The direct winners from AI technology may not be known yet.
Persons: Lauren Goodwin, Morgan Stanley, Goldman Sachs, Goodwin Organizations: Nvidia, Microsoft, New York Life Investments, Nasdaq Artificial Intelligence, Robotics, Intelligence, iShares Robotics, Companies, X Data, Digital Infrastructure ETF, Computing Fund
However, Ark Invest's flagship Ark Innovation ETF (ARKK) exited its position in Nvidia entirely in early January —before the chipmaker enjoyed a powerful rally that propelled it to a $1 trillion market capitalization. We saw this potential for deep learning and enjoyed a lot of that ride," said Frank Downing, a research director at Ark Invest. The growth of the industry and the urgent need for powerful AI hardware has led to an increase in the number of companies entering the market. Ark Invest hasn't been alone in trimming an Nvidia stake. However, despite exiting a portion of their Nvidia positions, both Ark Invest and Damodaran maintain a favorable outlook for the company.
Persons: Ark, , We've, Frank Downing, Downing, CNBC's, we've, Aswath, University's Organizations: Tech, Nvidia, AI, Innovation, Ark Invest, ARK Autonomous Tech, Robotics, Google, Amazon, AWS, AMD, Intel, University's Stern School of Business, NYU's Stern School of Business, Ark, Damodaran Locations: New
Ark Invest's Cathie Wood, known for her investments in next-generation technologies, missed out on the jaw-dropping rally in Nvidia — the biggest winner in artificial intelligence this year. Her flagship Ark Innovation ETF (ARKK) exited Nvidia entirely in early January, before the chipmaker went on to enjoy a powerful rally that propelled it to a $1 trillion market capitalization. She even trimmed Nvidia holdings in her smaller funds on Thursday when the stock spiked 26% on a huge forecast beat driven by AI chip demand. & Robotics ETF (ARKQ) now has 4.4% in Nvidia, while its biggest holding is Tesla with a 14% weighting. In its base case, Ark believes Exact Sciences could compound at an average annual rate of 25%, reaching $140 by 2027.
These are the best ETFs to ride the A.I. trend
  + stars: | 2023-05-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
The ARK Autonomous Technology & Robotics ETF (ARKQ) , on the other hand, had Nvidia as its ninth-largest position, with its stake in Tesla four-times larger as of Wednesday's close. There will likely be more AI ETFs hitting the market in coming months to meet the trend. Some small new funds include the Roundhill Generative AI & Technology ETF (CHAT) , which launched last week, and the VanEck Robotics ETF (IBOT) , which launched in April. Other places to look Another tactic for investors could be to look for actively managed growth funds, which will be looking for ways to play the AI boom. To bet on AI without doubling down on megacap tech, investors could look for other thematic plays that could benefit from the new technology.
Persons: Jay Jacobs Organizations: Nvidia, Microsoft, Global, Robotics, Intelligence, Autonomous Technology & Robotics, Technology, VanEck Robotics, Blackrock, CNBC Locations: U.S
Anything with the words "artificial intelligence" is keeping Wall Street buzzing in 2023. So far this year, AI-focused funds such as the iShares Robotics & Artificial Intelligence Multisector and the ARK Autonomous Technology & Robotics , are higher by about 19% each. Take the the Global X Robotics & Artificial Intelligence fund, with about $1.6 billion in assets under management, that's up more than 16% this year. BOTZ YTD mountain Global X Robotics & Artificial Intelligence ETF's performance in 2023 C3.ai is the largest holding in the First Trust Nasdaq Artificial Intelligence and Robotics fund, according to Morningstar. But investors also get telecommunications company Ciena , optical equipment maker Topcon and defense technology company QinetiQ.
Each name in the list that follows has potential upside of about 35% or more, buy ratings from at least 60% of analysts and at least 10 analysts covering the stock. It has about 39% potential upside and buy ratings from almost 62% of the analysts covering it. Intellia Therapeutics , a company focused on gene-editing treatments, has upside potential of about 140% and buy ratings from 72% of its 27 analysts. Denali Therapeutics , which is focused on defeating neurodegenerative diseases, is close behind, with upside potential of 104% and buy ratings from almost 89% of its 18 analysts. Karuna Therapeutics , which specializes in schizophrenia treatments, holds the largest percentage of buy ratings, coming from 95% of its 20 analysts.
Much buzz has been generated around ChatGPT, an artificial intelligence chatbot that's gone viral and reportedly reached 100 million monthly active users in January. Its popularity has sparked much interest in artificial intelligence tech . "You really have to consider the role that artificial intelligence is going to play … it's made this quantum leap almost, you know, overnight. For investors considering investing in AI, CNBC Pro has screened two ETFs for stocks: the $1.59 billion Global X Robotics & Artificial Intelligence ETF and the First Trust Nasdaq Artificial Intelligence & Robotics ETF, which tracks the Nasdaq CTA Artificial Intelligence and Robotics Index. Voice AI platform SoundHound also got a 100% buy rating, and analysts put its potential average upside at 31%.
Investor Bryn Talkington said Friday there's a sliver lining to Tesla's dismal stock performance of late: There's now a buying opportunity into the electric vehicle maker. TSLA 1D bar Tesla hits 52-week low Still, Tesla 's stock has been beaten down, tanking 65% in 2022. Talkington, managing partner of Requisite Capital Management, saw an opportunity, selling shares of General Motors late last year to buy Tesla. It is a software company," Talkington said. The following day, Ark Invest's Cathie Wood snapped up Tesla shares , adding 144,766 to he flagship ARK Innovation ETF and 31,336 to ARK Autonomous Technology & Robotics ETF .
Ark Invest's Cathie Wood kept buying shares of Tesla on the first trading day of 2023 even as the brutal rout in her electric vehicle darling has put massive pressure on her flagship fund. Wood's flagship ARK Innovation ETF added 144,776 shares of Tesla on Tuesday, while snapping up 31,336 shares for ARK Autonomous Technology & Robotics ETF , according to Ark's daily trading data. Musk sold tens of billions of dollars of his Tesla shares last year, in part, to finance the buyout. Her conviction centered around the shift to electric vehicles. She previously said there will be almost 8 million electric vehicles sold around the world this year and that number will rise to 60 million in five years.
Cathie Wood's Ark Invest bought the dip in Tesla shares on Wednesday as her EV darling continued to sell off. The innovation-focused investor added 61,537 shares of Elon Musk's company for her flagship Ark Innovation ETF (ARKK) fund, according to Ark's daily trading data. She also bought 10,066 Tesla shares for Ark Autonomous Technology and Robotics ETF and 3,259 shares for Ark Next Generation Internet ETF Wednesday. Musk sold billions of dollars' worth of his Tesla holdings to finance the Twitter takeover and has been embroiled in controversy ever since. Musk sold about 22 million more shares, worth around $3.6 billion, according to a financial filing out Wednesday night.
Cathie Wood's ARK Invest bought nearly $12 million worth of Tesla stock on Wednesday. The move follows chief executive Elon Musk's sale of $3.6 billion worth of shares. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. ARK completed the purchase through its ARK Innovation ETF, the ARK Autonomous Tech & Robotics ETF, and the ARK Next Generation Internet ETF. Meanwhile, Tesla chief executive Elon Musk sold nearly 22 million shares over a three-day period ending December 14, according to regulatory filings.
One of those stocks, Five9, could see 98% upside, according to the firm's price target. In addition, the stocks had a 14-day RSI (or relative strength index) below 35, as of Sept. 7. Splunk and FedEx followed, with both names potentially seeing 59% gains, according to Barclays' price targets. The stock has 39% upside, as well as a 14-day RSI reading of 30.5, according to Barclays' price target. Another tech name, Salesforce , is down about 35% year to date, but has 32% upside, according to Barclays.
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