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☆ Cathie Wood says she’s not buying Reddit at this price, but long term it’s an AI play
▼ + stars: | 2024-04-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Ark Invest CEO Cathie Wood is holding off buying shares of the recent IPO Reddit at current prices, despite a long-term belief in the company's artificial intelligence prospects. "We don't think it's a meme stock," Wood told CNBC's Andrew Ross Sorkin during a " Squawk Box " interview Wednesday. RDDT YTD mountain Reddit shares since going public To be sure, Wood bought Reddit on the offering but said she's avoiding purchasing more after its run-up. Reddit went public last month in the first initial public offering of a major social media company since Pinterest 's debut in 2019. Reddit's offering came amid a slow revival in the IPO market following a two-year dry spell.

Persons: Cathie Wood, Wood, CNBC's Andrew Ross Sorkin, Reddit Organizations: Twitter, New York Stock Exchange, Arm Holdings Locations: Reddit

☆ ARK Invest CEO Cathie Wood: Tesla 'epitomizes the convergence among technologies' that we see today
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest CEO Cathie Wood: Tesla 'epitomizes the convergence among technologies' that we see todayArk Invest CEO and CIO Cathie Wood joins 'Squawk Box' to discuss Tesla's Q1 delivery numbers, the future of EV and autonomous driving, state of bitcoin, Reddit's IPO offering, and more.

Persons: Cathie Wood, Tesla Organizations: Ark Invest, EV Locations: bitcoin

☆ Why streamers are shrinking their content libraries
▼ + stars: | 2024-04-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

Last year many streaming services began shrinking their once-robust content libraries in order to pay smaller licensing fees. In the face of profit pressures and growing competition for viewers, streamers have taken to removing content to avoid the residual payments and licensing fees. On one side is Netflix , Amazon and Apple — companies that agnostically license content from other studios to bolster their streaming libraries. Disney-owned Hulu, meanwhile, has seen success with "feel good" 30-minute sitcoms and prestige dramas, Fandom's data shows. Disclosure: Peacock is the streaming service of NBCUniversal, the parent company of CNBC.

Persons: Stephanie Fried, Fried, Hey Arnold, Bell, Severance, Jacob, Jack Ryan, Bel, Universal's, Max, Peacock Organizations: NBC, Netflix, Apple, Universal, Warner Bros . Discovery, Paramount, Hollywood, Nickelodeon, Warner Bros, Disney, Amazon Prime, Hulu, HBO, CNBC Locations: auctioning, Kingstown, NBCUniversal

☆ The real reason Tesla may be giving free trials of its Full Self-Driving software
▼ + stars: | 2024-03-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla is offering a free monthlong trial of its Full Self-Driving software. FSD adoption could significantly increase Tesla's profit margins and improve the software. Tesla CEO Elon Musk announced on Monday that the electric carmaker would offer its US customers a free trial of the driver-assist software starting this week. "All US cars that are capable of FSD will be enabled for a one month trial this week," Musk wrote on X. Advertisement"Almost no one actually realizes how well (supervised) FSD actually works," Musk wrote in the email.

Persons: Tesla, —, Elon Musk, Musk, FSD, Brett Winton, Cathie Wood, I'm, I've Organizations: Service, Business, ARK Invest, Tesla, National, Traffic, Administration

☆ 'Act like you're dead': What Anthony Scaramucci tells clients nervous about bitcoin's big swings
▼ + stars: | 2024-03-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Bitcoin investors shouldn't sell amid high volatility, Anthony Scaramucci said. He said clients have been dismayed by the crypto's big price swings. He said at the Bitcoin Investor Day conference that his advice to clients is to "act like you're dead." "So act like you're dead with your bitcoin and don't sell your bitcoin. That occurrence, industry experts say, could create a supply shock and ultimately push the price of bitcoin higher.

Persons: Anthony Scaramucci, —, Anthony Pompliano, Scaramucci, Donald Trump, Charles Schwab, Bitcoin, Cathie Wood Organizations: Service, SkyBridge, Wall Street, White, Communications, Securities and Exchange, BlackRock, Fidelity, SEC

☆ By 2030 AI software companies will need 'trillions of dollars' in AI chips: ARK chief futurist
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBy 2030 AI software companies will need 'trillions of dollars' in AI chips: ARK chief futuristBrett Winton, ARK Invest chief futurist, joins 'Fast Money' to talk what's ahead for AI after another big GPU announcment from Nvidia.

Persons: Brett Winton Organizations: ARK Invest, Nvidia

☆ Nvidia could be worth $6 trillion if it follows Cisco's dot-com trajectory, says Jeremy Siegel
▼ + stars: | 2024-03-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Nvidia stock could triple if it follows Cisco's path during the dot-com bubble, Jeremy Siegel said. AdvertisementNvidia could triple in value to become the world's first $6 trillion-plus company if it follows Cisco's trajectory during the dot-com bubble, Jeremy Siegel said. It's now worth $2.3 trillion, propelling it past Amazon and Alphabet and leaving only Microsoft ($3.1 trillion) and Apple ($2.7 trillion) ahead. "There could be 2-3x more upside in Nvidia if it follows Cisco's valuation path to its peak," Siegel said. Advertisement"Now we emphatically do not have 1999-2000 levels of speculation in the markets or tech," Siegel said.

Persons: Jeremy Siegel, Wharton, —, It's, Siegel, Wood Organizations: Apple, Microsoft, Service, Nvidia, Cisco, Federal Reserve Locations: —

☆ CNBC Daily Open: Conflicting signals on U.S. jobs market
▼ + stars: | 2024-03-11 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China warns property developersChina's housing minister signaled real estate developers must go bankrupt if required and won't get a major bailout. Minister of Housing and Urban-Rural Development Ni Hong also warned that those who "harm the interests of the masses" will be punished. India's 'watershed' FTAIndia signed a 'watershed' $100 billion free trade deal that will remove most tariffs with four non-EU nations.

Persons: Hong, Piyush Goyal, Tony Fernandes, Tasha Keeney Organizations: CNBC, Nikkei, CSI, Nasdaq, Dow, Housing, India, EU, Commerce, Industry, AirAsia Locations: Asia, Japan, China, Malaysian

☆ A '$28 trillion opportunity': Ark Invest reveals its top AI plays right now
▼ + stars: | 2024-03-11 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

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

☆ CNBC Daily Open: A mixed picture on U.S. jobs growth
▼ + stars: | 2024-03-11 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. stocks retreatWall Street finished Friday's session lower as investors look ahead to key inflation data due out this week. Japan skirts technical recessionJapan avoided a technical recession as revised fourth-quarter data revealed the economy returned to growth. "My famous topless sports massage was all about showing our culture, to be honest, that we had such a flexible culture," the Malaysian businessman told CNBC.

Persons: Tony Fernandes, Tasha Keeney Organizations: Grand Central Market, CNBC, Wall, Nasdaq, Dow, Gross, AirAsia, Pfizer Locations: Los Angeles , California, U.S, Japan, Malaysian

☆ Tech guru Cathie Wood says Nvidia is the Cisco of the AI boom and warns its growth may falter
▼ + stars: | 2024-03-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Cathie Wood's outlook for Nvidia is slower growth, weaker demand, and fiercer competition. Wood has cut her exposure to Nvidia as she believes the market's hopes may be overblown. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCathie Wood has sounded the alarm on Nvidia, warning its spectacular growth is likely to slow, and comparing its stock surge to Cisco during the dot-com bubble. Indeed, Nvidia stock has soared almost 90% this year, boosting the company's market capitalization to more than $2 trillion.

Persons: Wood, —, Cathie Wood, hasn't, Tesla, Jensen Huang, Sam Yeh Organizations: Nvidia, Ark, Service, Cisco, Ark Invest, Oracle, AMD, Getty, Apple Locations: AFP

☆ Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding
▼ + stars: | 2024-02-29 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Founded in 2022, Figure AI has developed a general-purpose robot, called Figure 01, that looks and moves like a human. Figure's ultimate aim is for Figure 01 to be able to perform "everyday tasks autonomously." Tesla is also trying to build a humanoid robot, called Optimus, while robotics company Boston Dynamics has developed several models. Norwegian humanoid robot startup 1X Technologies recently raised $100 million with backing from OpenAI. WATCH: Tesla CEO Musk said it's more important to develop humanoid robot than new cars

Persons: Jeff Bezos, Tesla, Goldman Sachs, Tom Andersson, Andersson, OpenAI, Goldman, they've, Musk Organizations: Nvidia, Microsoft, Innovation Fund, Robotics, Boston Dynamics, OpenAI, Goldman, STIQ Ltd, Intel, Ventures, Parkway Venture Capital Locations: Norwegian

☆ Ark Invest says this 'optimal' bitcoin strategy will yield better returns
▼ + stars: | 2024-02-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Bitcoin prices have rebounded since 2023, recovering from steep declines in the couple of years before. On Tuesday, bitcoin prices reached a two-year high of over $56,000. Ark Invest's chief futurist, Brett Winton, believes that a "responsible allocation to innovation generally is really, really critical." On average, Ark Invest's research shows that the "optimal" allocation to maximize risk-adjusted returns — on a five-year time horizon — would be 4.8% on average since 2015. The breakdown of Ark Innovation ETF's tech investments is as follows: cryptocurrencies make up 6.9% of it, and digital wallets 8.8%, among other tech themes.

Persons: Ark, Brett Winton, CNBC's, Winton, —, bitcoin's Organizations: Invest, Innovation, Ark Invest Locations: bitcoin, U.S, Europe

☆ It will be 'something of a surprise' if incumbent companies emerge as winners in AI: ARK Invest
▼ + stars: | 2024-02-27 | 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 EmailIt will be 'something of a surprise' if incumbent companies emerge as winners in AI: ARK InvestBrett Winton, ARK Invest Chief Futurist, expects a new platform to emerge as the world enters a "new operating system era", adding that it will likely accrue most of the gains when it comes to AI.

Persons: Invest Brett Winton Organizations: Invest, ARK Invest

☆ Demand for Nvidia's chips is so high that Jensen Huang had to assure analysts the company is allocating them 'fairly'
▼ + stars: | 2024-02-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

CEO Jensen Huang assured analysts that the company is distributing chips "fairly." Nvidia's fourth-quarter revenue surpassed Wall Street expectations, reaching $22.1 billion. AdvertisementHot chip stock Nvidia has a problem — a good one. The company is seeing so much demand for its AI chips that cofounder and CEO Jensen Huang had to give assurance that the company is allocating them "fairly." Nothing is more difficult than to have anything sit around," said Huang, saying Nvidia wants to avoid "allocating unnecessarily."

Persons: Jensen Huang, —, Huang, OpenAI's ChatGPT, Cathie Wood Organizations: Nvidia, Service, Street

☆ Tesla investor Cathie Wood says she's been selling Nvidia stock for some time: 'It has become a check-the-box stock'
▼ + stars: | 2024-02-20 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Cathie Wood says Nvidia "has become a check-the-box stock." Wood says she's been selling the stock because "expectations could be getting ahead of themselves." Ark Invest's Cathie Wood says she's been selling Nvidia stock because she thinks it's become overvalued. "It has become a check-the-box stock," Wood said in a podcast with The Wall Street Journal's Dion Rabouin that aired Sunday. Wood's investment fund sold over $4.5 million worth of Nvidia stock this year.

Persons: Cathie Wood, Wood, she's, Alphabet's, it's, Dion Rabouin, Rabouin, Kathleen Brooks Organizations: Nvidia, BI

☆ The job market for startups and Big Tech is in a weird spot
▼ + stars: | 2024-02-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyCareer makersInflection AI, Maven, Forage, The GrandWhich startup would you recommend a friend or family member should work at? That was the prompt for Business Insider's VC and startups team as it compiled a list of early-stage companies to bet your career on . The list doesn't have specific parameters, Leena Rao, the deputy editor of BI's VC and startups team, told me. With so much money pouring into AI startups, founders' attention will naturally be drawn to the tech when thinking about their next project. Meanwhile, the volatility among startups comes at a time of broader instability for the tech industry.

Persons: —, Elon Musk, Taylor Swift, Leena Rao, Maven, Alyssa Powell, Ben Bergman, there's, Moody's, Paul Tudor Jones, We've, Jenny Chang, Rodriguez, OpenAI, Samantha Stokes, Andrea Chronopoulos, Bob Iger, Lachlan Murdoch, David Zaslav, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Business Insider's, Big Tech, Meta, Flagstar Bank, Facebook, YouTube, Google, BI, ESPN, Warner Bros, Fox, Walt Disney Company Locations: NYCB, New York, London

☆ ARK Invest CEO Cathie Wood: EVs will be the bulk of the auto market in the next 5 years
▼ + stars: | 2024-02-07 | 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 EmailARK Invest CEO Cathie Wood: EVs will be the bulk of the auto market in the next 5 yearsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Cathie Wood, Brian Sullivan, “ Organizations: CNBC

☆ Cathie Wood is standing by Tesla amid sharp sell-off, betting on robotaxi cycle in 2 years
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood said Wednesday she's standing by her bullish thesis on Tesla and is buying the dip in the electric vehicle company as the stock sold off. "Tesla is going through a low right now related to the cycle," Wood said on CNBC's " Last Call. " Wood has been a longtime Tesla bull as the Elon Musk company is her flagship Innovation fund (ARKK )'s second biggest holding. There is so much negative psychology in the stock right now," Wood said. They're now starting to show earnings momentum and surprises on the upside, not just revenue, but also earnings," Wood said.

Persons: Cathie Wood, Tesla, Wood, They're Organizations: Tesla, Elon Musk, Innovation

☆ Quality stocks are dominating the market, up 25% in the past year
▼ + stars: | 2024-01-27 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Among the most broadly played investment "factors" — including value, momentum, low volatility, dividend yield — quality has dominated the market, the representative iShares MSCI USA Quality ETF (QUAL) up 25% in the past year, compared to 13% for S & P 500 value and less than 5% for the equal-weighted S & P 500. Even within industry sectors, the stocks with higher quality scores have sped ahead ( Costco in retail, WW Grainger in industrials, etc.). The quality label is based on strong balance sheets, high and steady profit margins, consistency of earnings growth and the like. Sure, there are multi-year secular growth stories animating the AI innovators and weight-loss-drug developers, but most quality stocks stand out for steadiness. Any give-back of the leading quality growth names wouldn't be easily absorbed by the broader market.

Persons: iShares, WW Grainger, Berkshire Hathaway, Goldman Sachs, FactSet, Michael Gates, Ed Yardeni, it's, Jerome Powell Organizations: Costco, Nasdaq, Nvidia, Microsoft, Apple, Visa, Mastercard, Nike, Bank of America, Citi, Invest, BlackRock's, Yardeni Research Locations: industrials, Berkshire

☆ Ark Invest’s Cathie Wood adds more than $32 million worth of Tesla shares amid 12% sell-off
▼ + stars: | 2024-01-26 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

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

☆ BYD is 'coming on quickly', will likely pass Tesla as dominant global EV seller, says Steve Westly
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBYD is 'coming on quickly', will likely pass Tesla as dominant global EV seller, says Steve WestlyTasha Keeny, Ark Invest director of investment analysis & institutional strategies, and Steve Westly, The Westly Group managing partner & former Tesla board member, join 'Closing Bell Overtime' to talk Tesla's quarterly earnings results.

Persons: Tesla, Steve Westly Tasha Keeny, Steve Westly Organizations: Ark Invest, Westly Group, Tesla

☆ Watch CNBC's full panel interview on Tesla's Q4 earnings
▼ + stars: | 2024-01-24 | 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 EmailWatch CNBC's full panel interview on Tesla's Q4 earningsTasha Keeny, Ark Invest director of investment analysis & institutional strategies, and Steve Westly, The Westly Group managing partner & former Tesla board member, join 'Closing Bell Overtime' to talk Tesla's quarterly earnings results.

Persons: Tasha Keeny, Steve Westly Organizations: Ark Invest, Westly Group, Tesla

☆ Watch CNBC’s full interview with Ark Invest CEO Cathie Wood
▼ + stars: | 2024-01-23 | 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 EmailWatch CNBC’s full interview with Ark Invest CEO Cathie WoodARK Invest CEO Cathie Wood joins 'Closing Bell: Overtime' to discuss markets, the Fed, Coinbase and Tesla.

Persons: Cathie Wood Organizations: Ark, ARK

☆ ARK Invest CEO Cathie Wood: Most car sales will be electric in five years
▼ + stars: | 2024-01-23 | 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 EmailARK Invest CEO Cathie Wood: Most car sales will be electric in five yearsARK Invest CEO Cathie Wood joins 'Closing Bell: Overtime' to discuss markets, the Fed, Coinbase and Tesla.

Persons: Cathie Wood Organizations: ARK

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