Cathie Wood Flips Script, Sells Tech Giants Amid Market Dip
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Cathie Wood, founder of Ark Investment, recently deviated from her usual strategy, selling off significant portions of tech giants amidst market volatility caused by U.S.-Iran tensions. Despite her funds impressive 153% gain in 2020, it has since suffered a 60% drop in 2022, underperforming the S&P 500 over the past five years. Wood remains optimistic, attributing the markets struggles to the great acceleration in AI, robotics, and biotech, rather than a recession. She predicts global growth of 7-8% due to these technologies, with AI costs dropping significantly. Her top holdings include Tesla and AMD.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/d862a4d0898b9f3a