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☆ ARK CEO Cathie Wood on self-driving taxis: It's a 'winner take most' market for Tesla
▼ + stars: | 2023-09-18 | 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 EmailARK CEO Cathie Wood on self-driving taxis: It's a 'winner take most' market for TeslaCathie Wood, ARK Invest CEO, joins 'Fast Money' to talk Tesla, her investing playbook, autonomous vehicles and much more.

Persons: Cathie Wood, Tesla Organizations: ARK Invest

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailARK Invest and 21Shares file proposal to list a spot ether ETF: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Zac Townsend of Meanwhile explains new standards adopted by the Financial Accounting Standards Board for companies holding crypto.

Persons: explainers, Zac Townsend Organizations: CNBC Crypto, CNBC, Financial

☆ Cathie Wood's ARK Invest files for first US spot-ether ETF
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

Cathie Wood, Founder, CEO, and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David Swanson Acquire Licensing RightsSept 6 (Reuters) - Cathie Wood's Ark Invest and crypto investment firm 21Shares are seeking regulatory approval to set up an exchange-traded fund (ETF) that would directly hold ether, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. The case has been closely watched by the cryptocurrency and asset management industries, which have been trying for years to convince the SEC to approve a spot bitcoin ETF. Cboe Global Markets earlier this year filed a proposal with the U.S. SEC to list and trade shares of a spot bitcoin ETF by Ark Invest and 21Shares on the Cboe BZX exchange. The regulator has in recent years rejected dozens of applications for spot bitcoin ETFs, citing inadequate levels of trading surveillance that could leave the underlying spot market subject to fraud and manipulation.

Persons: Cathie Wood, David Swanson, 21Shares, Jaiveer Singh, Devika Organizations: ARK Invest, Milken, Global Conference, REUTERS, U.S . Securities, Exchange Commission, SEC, U.S, U.S . District of Columbia, Cboe, Ark Invest, Thomson Locations: Beverly Hills , California, U.S, U.S ., Bengaluru

☆ Here's what's next for bitcoin ETFs after a court ruled in favor of Grayscale over the SEC
▼ + stars: | 2023-08-29 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

A federal appeals court struck down the SEC's order denying the conversion of the Grayscale Bitcoin Trust (GBTC) into an exchange traded fund. The decision does not guarantee that investors will be able to freely trade a bitcoin ETF anytime soon, however. Another impact could be for the bitcoin futures ETFs that are already on the market, led by the $940 million ProShares Bitcoin Strategy ETF (BITO) . Those funds could see outflows if investors choose the spot bitcoin products instead. Consider Valkyrie's attempt to change its bitcoin futures product into a broader crypto fund that also holds ether futures.

Persons: Jeremy Senderowicz, Vedder Price, Senderowicz, Terrence Yang, Swan, Yang, Cathie Wood, Islam, bitcoin Organizations: Securities, Exchange, SEC, Appeals, U.S, Supreme, CNBC, Ark Invest, Bloomberg News, BlackRock, Marathon

☆ Warren Buffett may be bracing for a recession – and Michael Burry's latest big short is a 'good move,' says top economist Steve Hanke
▼ + stars: | 2023-08-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett and Michael Burry may be expecting a market downturn and recession, Steve Hanke says. Berkshire Hathaway sold a net $8 billion of stocks and added to its cash pile in the second quarter. Burry's Scion firm placed bets against the S&P 500 and Nasdaq-100 worth a notional $1.6 billion. Steve Hanke says the Berkshire Hathaway CEO and the investor of "The Big Short" fame are likely preparing for trouble. "It looks to me like Burry has made a good move," Hanke said about the Scion chief's latest big short.

Persons: Warren Buffett, Michael Burry, Steve Hanke, Berkshire Hathaway, Buffett's, Hanke, Buffett, Goldman Sachs, Davidson, Elon Musk's Tesla, Burry, Ronald Reagan Organizations: Scion, Nasdaq, Service, Berkshire, Johns Hopkins University, Toronto Trust, Electric, Harley, Scion Asset Management, Elon, & $ Locations: Wall, Silicon, Toronto Trust Argentina, Mars

☆ Tesla's value plunged nearly $200 billion since mid-July – and Elon Musk's EV maker faces a bumpy road ahead
▼ + stars: | 2023-08-23 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Tesla's value has fallen nearly $200 billion in just over a month. That's dragged Tesla's market cap down almost $200 billion to about $730 billion as of Tuesday's close, per Google Finance. A mix of inflation, higher interest rates, and recession fears have driven Tesla's decline. Higher interest rates tend to be bad news for high-growth stocks, including Tesla, because it eats away at company profitably through expensive borrowing costs. Investors also get deterred from piling into equities as rising interest rates tend to push up returns on bond investments, making them a safer investment compared to stocks.

Persons: Elon Musk's, That's, Jerome Powell's, Tesla, Gordon Johnson, Cathie Wood, Johnson, she'd Organizations: Elon Musk's carmaker, Service, Elon Musk's, Google Finance, Federal Reserve, Investors, CNBC Locations: Wall, Silicon

☆ Tech sell-off, rising yields push Cathie Wood's ARK ETF down 20% for month
▼ + stars: | 2023-08-18 | by ( David Randall | ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Aug 18 (Reuters) - A swift sell-off in technology stocks and surge in Treasury yields are punishing Cathie Wood's flagship ARK Innovation ETF (ARKK.P), leaving the closely followed fund down more than 20% for the month of August. Much of the gains for the year came as inflation concerns ebbed and longer-duration Treasury yields subsided. Yet signs of strength in the U.S. economy have helped push 10-year Treasury yields up nearly 30 basis points this month to 10-month highs and within inches of their highest levels since 2007. Higher yields often weigh heavily on technology stocks by decreasing the value of their future profit. August has been particularly challenging for the fund, which has lost ground every trading day but two this month.

Persons: Cathie Wood, Brendan McDermid, Cathie, Wood, David Randall, Matthew Lewis Organizations: Ark Invest, CNBC, New York Stock Exchange, REUTERS, Innovation, Coinbase, Morningstar, Thomson Locations: New York City, U.S, New York

☆ Google A.I. researcher says he left to build a startup after encountering 'big company-itis'
▼ + stars: | 2023-08-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Sakana AI founders Llion Jones, left, and David Ha, meet at a rooftop bar in Tokyo. Jones, a co-author of Google's prominent Transformers research paper, is the generative AI research lab's technology chief, and Ha, a former Google research scientist, is its CEO. He was one of eight authors of the pivotal Transformers research paper, which is central to the latest in generative artificial intelligence. He's joining fellow ex-Google researcher David Ha to build a generative AI research lab in Tokyo called Sakana AI. The T stands for Transformers, an architecture behind much of today's frenetic generative AI activity.

Persons: Llion Jones, David Ha, Jones, He's, Ha, Sakana, OpenAI, they've Organizations: Google, itis, CNBC, University of Birmingham, YouTube, Microsoft Locations: Tokyo, Ha

☆ Ark Invest says it's not A.I. hardware it's focused on, it's software — and names 2 stocks
▼ + stars: | 2023-08-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"We see that for every dollar spent on AI hardware like Nvidia GPUs, $8 could be pulled through in terms of AI software," he told CNBC's " Squawk Box Asia " on Wednesday. Ark Invest's flagship Ark Innovation ETF (ARKK) exited its position in Nvidia entirely in early January. 'Huge' beneficiaries Leggi named two AI software stocks that Ark is "focused on": Communication platform software firm Twilio and virtual health-care company Teladoc . Twilio accounts for 4.11% of the ARK Next Generation Internet ETF, and 4.04% of the ARK Innovation ETF, where it's in the top 10 holdings. Teladoc makes up 3.17% of the ARK Next Generation Internet ETF and 3.68% of the ARK Innovation ETF.

Persons: Renato Leggi, CNBC's, …, Leggi, Teladoc, it's Organizations: Nvidia, Invest, Innovation Locations: U.S

☆ It is now time to shift attention from AI hardware to AI software: ARK Invest
▼ + stars: | 2023-08-16 | 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 is now time to shift attention from AI hardware to AI software: ARK InvestRenato Leggi from ARK Invest discusses where he sees good value in the wave of AI investment themes, saying "for every dollar spent on AI hardware, $8 is generated in AI software".

Persons: Renato Leggi Organizations: ARK Invest

☆ 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

☆ SEC delays decision on bitcoin ETF from Cathie Wood's Ark Invest
▼ + stars: | 2023-08-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Ark Invest CIO Cathie Wood told Bloomberg News earlier this week that she expected the SEC to make a decision on multiple funds at once. Crypto investment firm Grayscale is still awaiting a court decision after the SEC repeatedly rejected its proposal to convert the Grayscale Bitcoin Trust into an ETF. The Cboe BZX exchange filed with the SEC for a rule change in April that would allow the listing of the Ark21 spot bitcoin fund. The filing has since been amended several times and now includes a surveillance-sharing provision that was introduced in BlackRock's filing for a bitcoin fund. The SEC has rejected dozens of prior applications to create a spot bitcoin ETF, and SEC Chair Gary Gensler appeared to be leading a crackdown against the crypto industry earlier this year.

Persons: Gary Gensler, Cathie Wood Organizations: SEC, U.S . Treasury, The Securities, Exchange Commission, ETF, Bloomberg News Locations: Washington ,, BlackRock, WisdomTree

☆ 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

☆ Morgan Stanley still likes these Chinese stocks despite a country downgrade
▼ + stars: | 2023-08-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Morgan Stanley has decided to take a break, downgrading MSCI China to equal weight while recommending a few consumer and industrial names. The Politburo meeting signaled policy easing, but outstanding issues — of debt, property, jobs and geopolitics — need significant improvement for sustainable inflows, the Morgan Stanley analysts said. Morgan Stanley has so far only changed it once this year: a cut in July to 5%. And despite their downgrade of Chinese stocks, the analysts added two mainland-traded A shares to their focus list. In its latest report, Morgan Stanley analysts also turned overweight on India.

Persons: Morgan Stanley, Laura Wang, Fran Chen, Wood, Warren Buffett, behemoth BlackRock, Biden, Liqian Ren, Ren, Hang Seng, Jack Ma's Alibaba, Morgan Stanley's, Morgan, WisdomTree's Ren doesn't, Ren doesn't, Michael Bloom Organizations: U.S, Chinese Communist Party, China ETF, WisdomTree Trust, Owned Enterprises ETF, Wall, JPMorgan, Baidu, State, Owned Enterprise Fund, Ping An Insurance Locations: China, . U.S, WisdomTree, WisdomTree Trust China, Morgan, Morgan Stanley's China, Hong Kong, India

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

☆ Cathie Wood says her flagship innovation fund has completely exited China
▼ + stars: | 2023-07-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood said her flagship innovation fund has reduced its China exposure to zero as the developing market faces an economic slowdown. ARKK used to own shares in Chinese tech giant Tencent and property site KE Holdings . The innovation investor said she changed her stance on China after Beijing started to tighten its grip on the economy by cracking down the ultrawealthy and the tech sector. ARK Fintech Innovation ETF (ARKF) still owns a small stake in Chinese e-commerce company JD.com , but it has dumped other Chinese names like Pinduoduo and Tencent. Her flagship fund has had a banner year so far as her top holdings rebounded from sharp losses triggered by rising rates.

Persons: Cathie Wood, Tesla, Wood, ARKK, China's, she's Organizations: Ark, CNBC, New York Stock Exchange, Innovation, KE Locations: China, Beijing

☆ Tesla's Elon Musk optimistic on progress for self-driving, robots
▼ + stars: | 2023-07-20 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, July 19 (Reuters) - Tesla (TSLA.O) Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he's been optimistic before. The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology, Musk added. The value of Tesla vehicles would rise in perhaps "the single biggest step change in history" once regulators approved self-driving, he said at an earnings briefing. Musk has also said that Tesla robots, in pilot phase, could become a huge product. But Musk said Tesla will keep pushing to expand sales volume at the cost of profit margins, betting on the long-term value from FSD.

Persons: Elon Musk, he's, Musk, Tesla, Tesla's, Tasha Keeney, I've, Abhirup Roy, Peter Henderson, Sam Holmes Organizations: FRANCISCO, Twitter, Thomson Locations: San Francisco

☆ Watch CNBC's full interview with Gene Munster and Tasha Keeney
▼ + stars: | 2023-07-19 | 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 Gene Munster and Tasha KeeneyTasha Keeney, Director of Investment Analysis & Institutional Strategies at ARK Invest, and Gene Munster, Deepwater Asset Management, join 'Fast Money' to talk Tesla earnings.

Persons: Gene Munster, Tasha Keeney Tasha Keeney Organizations: Investment, ARK Invest, Deepwater Asset Management

☆ Tesla's Cyber Truck might be late but there should be a stock boost when it comes out: Gene Munster
▼ + stars: | 2023-07-19 | 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 EmailTesla's Cyber Truck might be late but there should be a stock boost when it comes out: Gene MunsterTasha Keeney, Director of Investment Analysis & Institutional Strategies at ARK Invest, and Gene Munster, Deepwater Asset Management, join 'Fast Money' to talk Tesla earnings.

Persons: Gene Munster Tasha Keeney, Gene Munster Organizations: Investment, ARK Invest, Deepwater Asset Management

☆ The only reason to buy Tesla stock has nothing to do with its EV business, market strategist says
▼ + stars: | 2023-07-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

When it comes to Tesla stock, the only reason to buy has nothing to do with its electric vehicle business. But according to a Wednesday note from DataTrek Research co-founder Nicholas Colas, there's only one reason to buy Tesla stock at its current levels, and it has nothing to do with its EV business. The car industry is difficult to compete in, as evidenced by the current stock prices of legacy automakers, he observed. So when it comes to Tesla stock, don't just look at its EV sales, according to Colas. The remaining $200 billion to $300 billion of Tesla's current market valuation is assigned to the company's EV business, which is comparable to Toyota's current market valuation.

Persons: Tesla, Nicholas Colas, Ark, Elon Musk, Colas, Musk Organizations: General Motors, Ford, Honda, Mercedes, Service, DataTrek Research, Toyota Locations: Wall, Silicon

☆ Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over
▼ + stars: | 2023-07-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Ark Invest has marked down its Twitter valuation by 47% since it was taken over by Elon Musk, the Wall Street Journal reported. Musk had recently tweeted that Twitter's advertising revenue has been cut in half since he took over the company. Given Musk purchased Twitter for $44 billion late last year, the markdown would put the company's current valuation at about $23 billion, based on Ark's estimate. "We're still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load," Musk said of Twitter on Twitter. We also think that longer term, Elon and team are very serious that they're going to turn this into an everything app," Wood said.

Persons: Elon Musk, Musk, Cathie Wood, Wood, Elon Organizations: Elon, Wall Street Journal, Service, Wall Street, Invest's Venture, Twitter, Fidelity, Ark, Nvidia, Nasdaq Locations: Wall, Silicon

☆ ARK Invest CEO Cathie Wood believes outflows are the result of investors taking gains
▼ + stars: | 2023-07-17 | 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 believes outflows are the result of investors taking gainsCNBC's Deirdre Bosa joins 'TechCheck to discuss investors abandoning the ARKK ETF, the strength of ARK's asset retentions, and investor portfolio rebalancing following gains.

Persons: Cathie Wood, outflows, Deirdre Bosa

☆ ARK's Cathie Wood: Nvidia is an incredible A.I. play and is priced accordingly
▼ + stars: | 2023-07-14 | 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's Cathie Wood: Nvidia is an incredible A.I. play and is priced accordinglyCathie Wood, Ark Invest CEO, join's Tech Check to talk the A.I. space, ARK's ETF hitting an 11-month high and what stocks she is watching in the tech space.

Organizations: Nvidia, Ark Invest

☆ ARK's Cathie Wood: The market is starting to look to the other side of the rate hike cycle
▼ + stars: | 2023-07-14 | 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's Cathie Wood: The market is starting to look to the other side of the rate hike cycleCathie Wood, Ark Invest CEO, join's Tech Check to talk the A.I. space, ARK's ETF hitting an 11-month high and what stocks she is watching in the tech space.

Organizations: Ark Invest

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