DIRS.INFO The most relevant business & tech news

☆ OpenAI just secured a ton of new cash. Now it needs to wow us
▼ + stars: | 2024-10-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

One thing seems clear: The company is burning through far more cash than it’s bringing in, according to reporting from the New York Times. (That’s revenue largely from subscriptions to premium versions of ChatGPT and licensing its tech to third-party developers.) Here’s where things get a little wild:Next year, OpenAI estimates that its revenue will more than triple to $11.6 billion. It’s not clear how, or whether, OpenAI is working on reducing its significant cash burn. “It has nothing to do with reality.”One way OpenAI could improve its margins would be to cut costs.

Persons: CNN Business ’, New York CNN —, Goldman Sachs, that’s, Gil Luria, Davidson, ” Luria, “, Luria, There’s, OpenAI, Sam Altman, we’ve, ” Organizations: CNN Business, New York CNN, Google, Pfizer, Microsoft, Nvidia, Ark Investment Management, Apple, Wall Street, New York Times, Times, CNN, CNBC, Bravo, ” Locations: New York, Silicon Valley, Silicon

☆ Investors want proof AI will aid drug discovery. Evidence may come in the second half
▼ + stars: | 2024-07-06 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +10 min

Analysts who have been following companies on the cutting edge of using generative AI for drug discovery say it is still very early days. But these endorsements haven't lifted Recursion shares out of a slump. RXRX 1Y mountain Recursion shares over the past year. The drug company will be a beta user of Recursion's LOWE (Large Language Model-Orchestrated Workflow Engine) and the pair are also partnering on oncology research. SDGR 1Y mountain Schrodinger shares over the past year.

Persons: Scott Schoenhaus, Chris Gibson, Jensen Huang, Leerink, Mani Foroohar, Foroohar, Recursion's, KeyBanc's Schoenhaus, Needham, Gil Blum, it's, Recursion's LOWE, Blum, Eli Lilly, AbCellera, KeyBanc's, Schoenhaus, FactSet, Allison Bratzel, Piper Sandler, Goldman Sachs, Salveen Richter, Peter Lawson, Lawson, Japan's Takeda, Schrodinger, Leerink's Foroohar Organizations: Analysts, Capital, Nvidia, ARK Investment Management, REC, CCM, Union, Bayer, Therapeutics, Dynamo, RLY, Barclays, Japan's Locations: U.S, biopharma, Biohive

☆ Tiana's Bayou Adventure is the next step in Disney's $60 billion theme park investment
▼ + stars: | 2024-06-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTTiana's Bayou Adventure opens June 28 at Walt Disney World Resort in Florida! Tiana's Bayou Adventure, the rethemed Splash Mountain, is set to reopen June 28 at Walt Disney World Resort in Orlando, Florida. Featuring characters from Disney Animation's "Princess and the Frog," Tiana's Bayou Adventure takes guests through the swamps of New Orleans as Tiana preps a massive Mardi Gras celebration. The revamp of Splash Mountain into Tiana's Bayou Adventure is part of a bigger strategy for Disney to infuse relevant, fan-favorite intellectual properties into its existing rides and theme parks. A preview of Walt Disney Imagineering's audio-animatronics for the upcoming refresh of Splash Mountain, Tiana's Bayou Adventure.

Persons: Prince Naveen, Mama Odie, Olga Thompson We're, Tiana, Louis, hasn't, Disney, Walt Disney Organizations: Walt Disney World, Walt Disney Animation Studios, Disney, Guardians, California, Epcot Locations: Florida, Orlando , Florida, California, New Orleans, Norway, Tokyo

☆ Now you can invest in Elon Musk's xAI through Cathie Wood's ARK Venture Fund
▼ + stars: | 2024-05-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Cathie Wood's ARK Invest has taken a stake in Elon Musk's startup xAI as she deepens her big bet on artificial intelligence. ARK Venture Fund has invested in xAI as of Sunday, the St. Petersburg, Florida-based asset manager said in an email to clients Tuesday evening. The xAI startup is also not the only Musk-led company Wood's venture fund bets on. The venture fund, launched in September 2022, targets smaller investors who can access the venture capital market through it with as little as $500. The xAI startup is reportedly planning to build a supercomputer to power the next version of its AI chatbot Grok.

Persons: Catherine Wood, Musk, Wood, Tesla Organizations: ARK Investment Management LLC, ARK Venture Fund, SpaceX, X Corp, Twitter, Microsoft, Google, Innovation Locations: Miami , Florida, U.S, Elon Musk's, xAI, St . Petersburg , Florida, OpenAI

☆ No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
▼ + stars: | 2024-05-18 | by ( Emily Glass | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. Edelman, an investor and personal finance author, thinks there needs to be an emphasis on regulations to protect people from crypto scams. We've seen the bitcoin ETFs come to market. We've seen the great things they've done for investors — lowering costs, improving regulation, improving sort of safety, security and peace of mind.," Hougan said. The two ether ETF proposals, submitted by VanEck and ARK Investments/21Shares, are set to be approved or denied this month.

Persons: Ric Edelman, Edelman, CNBC's, Gary, Gensler, Matt Hougan, Bitwise, We've, Hougan, VanEck Organizations: U.S . Securities, Exchange, Digital Assets, Financial Professionals, SEC, ARK Investments

☆ Demand for private companies is high, but getting your hands on them is a big problem
▼ + stars: | 2024-04-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

If you have your heart set on investing in up-and-coming private companies, options exist, but are limited. Obviously, there is a strong desire to get into hot private market tech companies, even if at an irrational cost. The simplest way to do this would be to float an exchange traded fund, or ETF, that held these private shares. Forge Global launched the Forge Accuity Private Market Index, a market capitalization weighted index that tracks the performance of 60 late-stage venture-backed private companies like SpaceX and Epic Games. Bottom line: there is no easy way to access private shares.

Persons: Tech100, Cathie Wood, Howe Ng, Brett Winton Organizations: New York Stock Exchange, SpaceX, Klarna Bank, Tech100, ARKVX Venture, Forge Global, Epic Games, ARK Investment, Edge

☆ The world of investing in private companies
▼ + stars: | 2024-04-22 | 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 EmailThe world of investing in private companiesBrett Winton, Ark Investment chief futurist, joins CNBC’s Bob Pisani to discuss the ARK Venture Fund, investing in private companies and the advantages it holds.

Persons: Brett Winton, Bob Pisani Organizations: Ark Investment, ARK Venture Fund

☆ Thinking beyond Nvidia to other AI stocks earned this investor once in a lifetime returns
▼ + stars: | 2024-04-18 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +5 min

Using this strategy, he identified three big winners: Eaton , Vertiv and Super Micro Computer . Around the same time the fund picked Eaton, Ocean Park also was buying Vertiv. On Tuesday, Loop Capital analysts put a $1,500 target on Super Micro. Having three stocks in the portfolio perform like Eaton, Vertiv and Super Micro may be a once in lifetime event. Jean-Jacques said the firm has about 40 long positions in its biggest fund, the Ocean Park Omaha Dislocation Fund.

Persons: J, Dennis Jean, Jacques, Jean, Eaton, FactSet, Dave Cote Organizations: Investments, Chief, Nvidia, Devices, CNBC, Micro, International Energy Agency, Whirlpool, Loop Capital, JPMorgan, Ocean, Honeywell Locations: Vertiv, Eaton, Columbus, Westerville , Ohio, San Jose , California, Omaha

☆ Tesla shares have tanked 34% this year. Investors raise doubts over whether the EV maker will return to form
▼ + stars: | 2024-04-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Disappointing investors Tesla's inability to meet estimates and boost demand for its models has spurrred the newfound skepticism. The comments from Wood came one day after her firm purchased nearly $40 million worth of Tesla shares. A lack of investor understanding of the value of these alternative businesses and their future contribution to Tesla profits is plaguing Tesla shares, according to Corestone Capital's Will McDonough. TSLA 1Y mountain Tesla shares over the last year "Valuing Tesla as a car company is akin to valuing Amazon as a book sale company," the investor said. "There are definitely concerns in the marketplace around demand" for Tesla vehicles, said Robert W. Baird senior research analyst Ben Kallo.

Persons: Tesla, Morgan Stanley, Adam Jonas, Wedbush's Dan Ives, Ives, Michael Sansoterra, Tim Pagliara, EVs, Sansoterra, that's, CNBC's Andrew Ross Sorkin, Cathie Wood, Wood, Brad Gerstner, Elon Musk, Corestone Capital's Will McDonough, Robert W, Baird, Ben Kallo, We're Organizations: Elon, Silvant Capital Management, Wall, Motors, Ford, Toyota, Silvant, Ark Investment Locations: U.S, China

☆ Dollar gains on yen, bitcoin edges up before expected SEC decision
▼ + stars: | 2024-01-10 | by ( ) www.cnbc.com time to read: +3 min

The SEC was expected to announce later in the day whether it will approve applications from asset managers Ark Investments and 21Shares (ABTC.S) to launch a spot bitcoin ETF. More than a dozen bitcoin ETF applications - including from BlackRock (BLK.N), Fidelity and VanEck - are also pending with the agency. The Consumer Price Index (CPI) due out on Thursday is the next likely driver of dollar direction. It is expected to show that headline inflation rose 0.2% in the month and by 3.2% on an annual basis. Anticipation of a positive SEC decision on ETFs, which is likely to draw billions of dollars in new investments, has boosted bitcoin prices in the past two months.

Persons: Exchange Commission's, Marc Chandler, Chandler, bitcoin, Chris Weston, Ethereum Organizations: Federal Reserve, U.S . Securities, Exchange, SEC, Ark Investments, BlackRock, Fidelity, Institute for Supply Management, Index, Fed, Bank of Japan Locations: U.S, Bannockburn, New York, Japan

☆ Swiss firm Pando becomes 13th filer for spot bitcoin ETF
▼ + stars: | 2023-12-04 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

Dec 4 (Reuters) - Pando Asset AG, a digital asset management firm based in Switzerland, last week became the latest issuer to submit an application to the U.S. Securities and Exchange Commission to launch an exchange-traded fund (ETF) tied to spot bitcoin prices. Pando becomes the 13th company vying for a share of what the cryptocurrency world believes could become a multi-billion dollar product, SEC filings showed. Others range from asset management giants like BlackRock and Fidelity to more specialized ETF providers like ARK Investments. Pando is a latecomer to the U.S. spot bitcoin race, but already has three other spot crypto exchange-traded products (ETPs) on the SIX Swiss Exchange. Its ETF proposal included Bank of New York Mellon as the administrator of the Pando Asset Spot Bitcoin Trust.

Persons: Pando, Suzanne McGee, Ira Iosebashvili Organizations: Pando Asset AG, U.S . Securities, Exchange Commission, SEC, BlackRock, Fidelity, ARK Investments, SIX Swiss Exchange, Bank of New York Mellon, Pando isn't, ARK Investment Management, Thomson Locations: Pando, Switzerland, U.S

☆ In spot bitcoin ETF race, some pioneers stick to the sidelines
▼ + stars: | 2023-11-28 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +6 min

The SEC has long rejected spot bitcoin ETF applications on the grounds they do meet its investor protection requirements. Industry hopes that position would shift surged in June when BlackRock (BLK.N), which has an almost unbroken record of SEC ETF approvals, filed for a spot bitcoin ETF. The only prospective issuer to disclose proposed investor fees so far is Ark Investment, which last week announced its spot bitcoin ETF would charge a fee of 0.8%. To be sure, issuers hoping to launch spot bitcoin ETFs have a more bullish outlook than those sticking to the sidelines. Magoon hopes the buzz surrounding a spot bitcoin ETF will draw more assets to Amplify's BLOK ETF.

Persons: Marco Bello, it's, Dave Mazza, Gary Gensler, Michael Sapir, ProShares, Sapir, Roxanna Islam, Aisha Hunt, Kelley, Christian Magoon, Roundhill, Mazza, Magoon, Tom Staudt, Staudt, Suzanne McGee, Michelle Price, Deepa Babington Organizations: REUTERS, Roundhill Investments, SEC, Industry, BlackRock, Ark Investment, Amplify's, Ark Investments, Thomson Locations: Miami Beach , Florida, U.S, BlackRock, Invesco, Amplify's BLOK

☆ Ark Investments sets 0.80% fee for proposed spot bitcoin ETF
▼ + stars: | 2023-11-24 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

Since 2021, the SEC has rejected multiple applications to issue spot bitcoin ETFs, arguing that the cryptocurrency market is vulnerable to manipulation. In August, a federal court ruled that the SEC wrongly rejected Grayscale Investments' application to convert its Bitcoin Trust into a spot bitcoin ETF. SEC chair Gary Gensler said last month that the SEC is evaluating as many as 10 spot bitcoin ETF proposals. The average fee levied on U.S. ETFs currently hovers around 0.54%, but Ark's proposed fee of 0.80% is significantly lower than the 2% that Grayscale currently charges investors on its spot bitcoin trust. If the SEC does approve some or all of the pending spot bitcoin ETF applications in early January, industry participants and analysts expect a fierce battle for market share to follow.

Persons: Cathie Wood, 21Shares, Gary Gensler, Ark's, It's, Suzanne McGee, Elaine Hardcastle Organizations: ARK Investment Management, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Swiss

☆ Falling prices may sound good, but deflation can be dangerous. Here’s why
▼ + stars: | 2023-11-18 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Falling prices of commodities like copper and lumber “negatively impacted” Home Depot’s third-quarter earnings, CEO Ted Decker told investors on the company’s earnings call earlier this week. In particular, they're noticing consumers pushing off bigger-ticket purchases like appliances, which have become cheaper compared to a year ago. But the problem with deflation is that when people begin to expect lower prices in the future, they have little incentive to make purchases right now. In China, however, prices across all goods and services were 0.2% lower in October compared to the same month last year. He also warned that US-based Walmarts could enter “a deflationary environment.”Besides eggs, other cheaper goods include airfares, gasoline, appliances and smartphones.

Persons: Cathie Wood, ”, Ted Decker, Billy Bastek, ” Bastek, Justin Sullivan, Doug McMillon, Preston Caldwell, “ it’s Organizations: New, New York CNN, Tech, ARK Investment Management, Wall Street, Home Depot, Walmart, Morningstar, CNN Locations: New York, United States, China

☆ What we'd like to see from 3 economic readings and 2 earnings reports next week
▼ + stars: | 2023-11-11 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major averages advanced again this week as earnings results came in largely better than expected, interest rates stabilized and oil prices dropped below $80 a barrel. Looking ahead, we'll get a couple more earnings results and some key inflationary data to chew on. In this past week, we bought 150 shares of DuPont (DD) and added 75 shares of Wynn Resorts (WYNN). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Wynn Resort's, WYNN, we'll, That's, —, we're, it's, PANW, Tyson, Henry Schein, Spero, Sanara, Sara Lee Corp, JD.com, Woodward, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: Nasdaq, Dow Jones, Coterra Energy, Emerson, Disney, PPI, TJX, Palo Alto Networks, DuPont, Wynn Resorts, WYNN, Tyson Foods, TSN, Tower Semiconductor, Partners, Genius Sports, Spero Therapeutics, Star Bulk Carriers Corp, Beauty Health, Asure, Gladstone Capital Corp, TeraWulf Inc, Harrow Health, Afya, Sea, Paysafe Group Holdings, Solar Inc, Aramark Holdings Corp, Lending, Holding, BioXcel Therapeutics, IHS Inc, Rewalk Robotics, Acurx Pharmaceuticals, Energizer Holdings, Power Solutions, Rekor Systems, Wine Estates, Momentus Inc, SIGMA Lithium Corporation, AlTi, QuickLogic Corporation, Arcturus Therapeutics, Dada Nexus, Solutions, Target Corp, Parts, ZIM Integrated Shipping Services, Alto Networks, Cisco Systems, Chemical & Mining Co, PennantPark Investment Corp, Copa Holdings S.A, Walmart, Arcos Dorados Holdings, ARCO, NICE, Body, Warner Music Group Corp, Ross Stores, Homes, Dolby Laboratories Inc, American Software, ESCO Technologies, ZTO, International, BJ's Wholesale, Jim Cramer's Charitable, CNBC, Maxx Locations: Macau, Chile, Cayman, Pasadena , California

☆ BlackRock plans for ethereum trust fuel speculation about ETF filing
▼ + stars: | 2023-11-09 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +1 min

BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Earlier this year, BlackRock registered a bitcoin trust in the same manner and a week later filed an application with the SEC to launch a spot bitcoin ETF. BlackRock declined to comment on the trust's creation or on any plans for an ETF filing. To date, roughly a dozen ETF providers have filed to create spot bitcoin ETFs, or convert existing products into spot ETFs, helping fuel the recent rally in the cryptocurrency. Several other ETF providers that have applied for spot bitcoin ETFs also have sought SEC approval for spot ether ETFs, including Ark Investment Management, Invesco and VanEck.

Persons: Brendan McDermid, Bitcoin, Gary Gensler, Suzanne McGee, Ira Iosebashvili, David Evans Organizations: BlackRock, New York Stock Exchange, REUTERS, SEC, U.S . Securities, Exchange Commission, Ark Investment Management, Thomson Locations: New York City, U.S, Delaware

☆ Why we’re cautiously optimistic about Disney’s new multibillion dollar theme park investment
▼ + stars: | 2023-09-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

We're cautiously optimistic about Disney 's (DIS) decision to invest billions upon billions more into its booming theme parks. DIS 5D mountain DIS stock performance. In a separate note, KeyBanc believes Disney's DPEP segment has a "bright long-term future" after its analysts attended Disney's Investors Summit. Bottom line Disney's moat is its strong intellectual property that it can use to monetize and grow its business. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: We're, Bob Iger, doesn't, Iger, He's, Morgan Stanley, KeyBanc, Jim Cramer's, Jim Cramer, Jim, Joseph Prezioso Organizations: Disney, Disney Parks, Hulu, ESPN, CNBC, Comcast, Penn Entertainment, Investments, Disney's Investors, DIS, Parks &, Anadolu Agency, Getty Locations: Hulu

☆ Flying taxi maker Archer settles Boeing Wisk lawsuits, shares jump
▼ + stars: | 2023-08-11 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Carlos Barria/File PhotoAug 10 (Reuters) - Air taxi maker Archer Aviation (ACHR.N) has reached an agreement with Boeing (BA.N) and its Wisk air taxi unit to settle litigation and collaborate on autonomous technology, the companies said on Thursday. In a joint statement with Boeing and Wisk, Archer said it "has agreed to make Wisk its exclusive provider of autonomy technology for future variants of Archer’s aircraft." Boeing said it is making an investment in Archer "that will support the integration of Wisk’s autonomous technology in future variants of Archer’s aircraft." Archer counter sued Wisk in 2021 "for its false and malicious extra-judicial smear campaign" and Boeing in 2022. Archer will issue warrants to Wisk for up to 13.2 million shares as part of the settlement and autonomy agreement.

Persons: Carlos Barria, Archer's, Archer, Wisk, Larry Page's Kitty, carmaker Stellantis, David Shepardson, Matthew Lewis, Lisa Shumaker Organizations: Archer Aviation, Salinas Municipal Airport, REUTERS, Air, Boeing, United Airlines, ARK Investment Management, Federal Aviation Administration, Google, Larry Page's Kitty Hawk Corp, Chrysler, U.S ., Airlines, Thomson Locations: Salinas, Salinas , California, U.S, Washington

☆ Stocks making the biggest moves premarket: Six Flags, UBS, IonQ, Archer Aviation and more
▼ + stars: | 2023-08-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

UBS also confirmed that Credit Suisse fully repaid a 50 billion Swiss franc emergency liquidity loan to the Swiss National Bank. Second quarter revenue of $348.4 million missed a guidance range that started at $360 million. The company notched adjusted earnings per share of 22 cents on $379 million in revenue, while FactSet had forecast 17 cents and $375 million. Archer Aviation -- Shares soared nearly 23% after Archer settled a lawsuit with Boeing over an autonomous flying dispute. IonQ did, however, raise its booking guidance to a range of $49 million to $56 million.

Persons: disinfects, Maxeon, FactSet, Refinitiv, Archer, IonQ, —, Jesse Pound Organizations: UBS, Credit Suisse, Swiss National Bank ., Refinitiv, Technologies, Flower Foods, Archer Aviation, Boeing, United Airlines, Ark Investment Management Locations: Swiss

☆ US SEC delays decision on Cathie Wood's spot bitcoin ETF
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

[1/2] The headquarters of the U.S. Securities and Exchange Commission (SEC) is seen in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew KellyAug 11 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve Cathie Wood-led Ark Investment Management's (ARK) spot bitcoin exchange-traded fund (ETF), a filing by the regulator showed on Friday. The SEC is seeking public comment on the Ark 21Shares Bitcoin ETF application, and has pushed back the decision date by several weeks to potentially months. In June, BlackRock (BLK.N), the world's biggest asset manager, also filed for a bitcoin ETF, a move that many viewed as a gamechanger for the industry. In 2021, Wood's ARK and crypto investment firm 21Shares US LLC had first teamed up to file an application for a spot bitcoin ETF with the regulator.

Persons: Andrew Kelly, Cathie Wood, Sam Bankman, Pritam Biswas, Shinjini Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Ark Investment, Thomson Locations: Washington ,, BlackRock, Bengaluru

REUTERS/Mike Blake/File PhotoWASHINGTON, Aug 3 (Reuters) - The United States should extend electric vehicle tax credit benefits to Vietnam if it wants to encourage a landmark investment from the country in U.S.-based manufacturing, the head of the main U.S. business lobby for Southeast Asia said. Rules included in the U.S. Inflation Reduction Act (IRA) aimed at reducing U.S. dependence on Chinese EV battery supply chains currently only benefit countries that have free trade agreements with Washington - a list that excludes Vietnam. VinFast responded to President Joe Biden's call for electric vehicles to be manufactured in the United States, Osius told Reuters in an interview on Thursday, "Now they will have some asks. They will want to be part of the EV supply chain and they won't want to be discriminated against in favor of other EV producers." The United States signed a deal in March with Japan on critical minerals that ensures Japanese cars will benefit from the tax credit.

Persons: Mike Blake, Ted Osius, VinFast, Joe Biden's, Osius, EVs, Biden, Donald Trump, David Brunnstrom, Simon Lewis, David Shepardson, Don Durfee, Diane Craft Organizations: Los Angeles Auto, REUTERS, EV, Washington, VinFast, U.S, U.S ., ASEAN Business Council, Reuters, United, EU, Economic, Thomson Locations: Los Angeles , California, U.S, United States, Vietnam, Southeast Asia, North Carolina, Japan, Britain, New Delhi, China, Washington, Indonesia, Asia, Pacific

HONG KONG/TAIPEI, July 21 (Reuters) - Investors are putting aside geopolitical tensions to pile in to Taiwan stocks, with foreign inflows the biggest in years, thanks to soaring artificial intelligence and chipmaking stocks. Rather, investors say it's all the more sturdy as the bogged-down conflict deters Chinese action and risks can be managed by keeping positions liquid with one eye on a possibly quick exit. "A potential escalation of events in the Taiwan Strait down the line is less relevant for these investors," he said. "So that makes Taiwan’s AI supply chain very attractive for foreign investors, and we believe their fund inflows will continue to be strong throughout the year." Investors say Taiwan's market is uniquely positioned to benefit because it is exposed to the sector's growth from applications to components, where demand is rebounding.

Persons: Carlos Casanova, Warren Buffett, we've, Frank Benzimra, Hai, Andrew Swan, Goldman Sachs, Clarence Chan, Summer Zhen, Kim Coghill Organizations: Nasdaq, Union Bancaire, Taiwan Semiconductor Manufacturing, Societe Generale ., Accton Technology, Hai Precision Industry, Wistron Corp, Alchip Technologies, Ark Investment Management, Vanguard, PineBridge Investments, Mellon Investment Management, Thomson Locations: HONG KONG, TAIPEI, Taiwan, Asia, Ukraine, Taiwan Strait, China, Taipei, Japan, PineBridge Investments Asia, Alchip, Asia Pacific, Hong Kong

☆ Ark Invest: These 2 A.I. stocks are being overlooked by the market
▼ + stars: | 2023-06-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Two firms specializing in artificial intelligence — UiPath and Twilio — are being underappreciated by investors, according to Frank Downing of Ark Investments. UiPath, a business process automation firm, is one of the companies that Downing views as overlooked. ARKW 1Y line He thinks this could mean fewer manual human interventions, substantially improving efficiency at UiPath for its customers. PATH 1Y line Twilio Twilio, a cloud communications platform founded in 2008, was also flagged by Downing as a potentially undervalued stock. Still, the director of research believes companies such as Twilio and UiPath are likely to capture the next wave of growth as AI is increasingly commoditized.

Persons: Frank Downing, Downing, OpenAI, ChatGPT . Downing, Siti Panigrahi, TWLO Organizations: Ark Investments, Mizuho, Microsoft, Google Locations: ChatGPT .

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Chevron, Amazon, Avis, SeaWorld & more
▼ + stars: | 2023-05-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Needham initiates Sovos Brands as buy Citi said Sovos' Brands Rao's Tomato Sauce will be a $1 billion brand in the next three-to-four years. " Citi reiterates Anheuser-Busch InBev as buy Citi said investors should buy the dip in the beer giant. Deutsche Bank upgrades Avis to buy from hold Deutsche said the rental car company that it has upside potential. "In a tougher recession and sharp travel fall-off where revenue growth is cut in half, we estimate mid to high single digit EPS risk, implying an excellent risk/reward given valuation. Citi reiterates Nvidia as buy Citi said investors should "stay long" in shares of Nvidia.

Persons: Needham, Sovos, Michael Angelo's, Bernstein, Wedbush, it's, Goldman Sachs, Goldman, Bud, Baird, Mobileye, XYL, Wells, Key, AMBA, Mizuho, Piper Sandler, Piper Organizations: Brands, Citi, Amazon, Worldwide, Conference, SeaWorld, Anheuser, Busch InBev, Deutsche Bank, Avis, Deutsche, UBS, American Express, American, Palo Alto Networks, JPMorgan, Chevron, Service, Nvidia, TAM, Liberty, Microsoft Locations: US, Noosa, Cupertino, European, Wells Fargo, CrowdStrike, Zscaler, Palo, America, F2023E

☆ Matthew Tuttle got the financial world buzzing with ETFs that short everything Cathie Wood's ARK and Jim Cramer buy. He told us the next big ideas on his radar.
▼ + stars: | 2023-04-11 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

In late 2021 Matthew Tuttle launched a fund that bets against the ARK Innovation ETF. A month ago he started a new ETF that shorts stocks picked by Jim Cramer of "Mad Money." Tuttle, the CEO and investment chief of Tuttle Capital Management, is starting to get a lot of requests for "anti"-ETFs. When shorting big name investors makes senseIt's easy to assume Tuttle is motivated by personal or professional dislike for Wood and Cramer. While he's considered creating an anti-fintwit ETF, Tuttle is still positive on Fintwit itself.

Search resuls for: "ARK Investment"

25 mentions found