Cathie Wood's Ark Invest Buys Shares Of Nvidia-Rival AMD, Continues Its Shopify Share-Buying Spree
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Ark Invest CEO Cathie Wood Boosts Stake in Firms Making Breakthroughs in Gene Editing, AI Drug Development, and Obesity Drugs
Ark Invest CEO Cathie Wood shot to fame when all the exchange-traded funds (ETFs) managed by her investment management firm jumped by over 100% each in 2020 compared to the S&P 500's mere 16% returns.Wood is known for her singular investing approach and bets on disruptive, high-growth firms, including generative AI, genome development, autonomous robotics, space exploration, cryptocurrency, and 3D printing. With the philosophy that today's disruptive innovation will shape tomorrow's future and...
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Nvidia’s incredibly pricey shares are about to get much cheaper
Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors. Five years ago, an investor could have purchased Nvidia stock for less than $50 a share. But since then, the stock has exploded more than 2,500%. A single share in the company was worth $949.50 as of Wednesday’s close. Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10...
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Nvidia stock keeps hitting records. Can investors with little to no shares still buy?
The answer to that question is not an easy yes or no because of several variables.