Cathie Wood's ARK Investment buys 12.2K shares of Iridium today
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14 hours ago
- Yahoo
Does Cathie Wood Know Something That Wall Street Doesn't? 1 Robotaxi Stock She Can't Stop Buying
Key Points Wood has been a longtime supporter of Tesla, and recent buying activity suggests she remains bullish. Tesla is going through a transformative shift as the company finally begins to roll out some of its artificial intelligence (AI) services, particularly robotaxi. While Tesla's robotaxi ambitions are exciting, the company is trading for a frothy valuation despite nominal AI progress thus far. These 10 stocks could mint the next wave of millionaires › Cathie Wood serves as CEO and chief investment officer of Ark Investment Management. While Ark's portfolio boasts positions in many members of the "Magnificent Seven," one particular artificial intelligence (AI) darling seems to have caught Wood's eye as of late. According to recently published trading activity, Ark Invest has been scooping up shares of Tesla (NASDAQ: TSLA) like there's no tomorrow. Let's explore Wood's recent buying activity and assess what might have inspired her to double down on Tesla over the last few weeks. Taking a look at Wood's recent buying activity Unlike many of her peers in the wealth management space, Wood distributes summaries at the end of each trading session which itemize all of the stocks that Ark bought and sold on that day. In the table below, I've summarized Ark's recent activity around Tesla stock. Date Shares Bought July 11 59,705 July 15 115,380 July 24 143,190 Data source: Ark Invest. Over the last few weeks, Wood added 318,275 shares of Tesla which were spread across the Ark Innovation, Ark Next Generation Internet, and Ark Autonomous Technology & Robotics exchange-traded funds (ETFs). Why might Wood like Tesla stock right now? Tesla is primarily known for its electric vehicles and energy storage solutions. But over the last few years, CEO Elon Musk has been making grand promises that Tesla is going to disrupt the AI realm in epic fashion. One of the ways Tesla plans to make a splash in the AI landscape is through its innovations in autonomous driving. The company is introducing self-driving vehicles to the Tesla ecosystem by offering the technology as a service -- primarily within Tesla vehicles purchased by consumers, as well as through the creation of a robotaxi fleet. Wood has been bullish on Tesla's AI pursuits for years, especially the robotaxi business. In fact, Ark's long-run price target of $2,600 per Tesla share relies heavily on optimistic assumptions surrounding the company's ability to scale the robotaxi operation. While Tesla's robotaxi business is still comparatively smaller than Alphabet's Waymo and faces increased competition from the likes of Uber Technologies and its various partnerships, Musk appears undeterred. During Tesla's second-quarter earnings call, Musk proclaimed, "I think we will probably have autonomous ride-hailing in probably half the population of the U.S. by the end of the year." Musk's statement is equal parts bold and speculative -- attributes that are congruent with Wood's growth investing strategy. At the end of the day, I don't think Wood is privy to anything meaningful that the rest of Wall Street isn't, though. Investors like Wood tend to view Tesla through a long-run lens. In other words, some growth investors are not pricing Tesla for what the company is today, but rather they are assessing what the price could become if Musk pulls off his AI vision. While I understand how tempting it can be to follow hype and momentum, valuing narratives is essentially impossible. I think that Wood is optimistic that the robotaxi business will scale meaningfully during the second half of 2025, finally bearing fruit for Tesla as the company shifts from a traditional automaker to a technology business. Is Tesla stock a buy right now? Valuing Tesla stock is an arduous exercise. On the one hand, the company does not fit neatly into the traditional automaker category alongside companies such as Ford Motor Company and General Motors. But on the other hand, Tesla is not purely a technology business much like Apple, Alphabet, Meta Platforms, Nvidia, or Amazon. Rather, Tesla sits at the intersection of car manufacturing, energy storage, AI, robotics, and software. In the chart above, investors can see how Tesla stock tends to trade on narratives well beyond traditional valuation fundamentals. These dynamics can be seen clearly by the company's expanding price-to-earnings (P/E) multiple despite decelerating profitability across the business. While I'm optimistic about Tesla's robotaxi business in the long run, I do question Musk's aggressive timeline of serving half the U.S. population by year end. Beyond variables such as regulatory approvals needed across the country, Musk does have a reputation for missing deadlines. Candidly, I don't think the robotaxi rollout will be any different. For now, I'd monitor Tesla as it scales the robotaxi business. It will take time before AI begins to move the needle for the company from a financial perspective, anyway. For these reasons, I think investors will have ample opportunity -- and probably more reasonable valuation levels -- to buy Tesla stock in the long run. Should you buy stock in Tesla right now? The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Adam Spatacco has positions in Alphabet, Amazon, Apple, Meta Platforms, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Nvidia, Tesla, and Uber Technologies. The Motley Fool recommends BYD Company and General Motors. The Motley Fool has a disclosure policy. Does Cathie Wood Know Something That Wall Street Doesn't? 1 Robotaxi Stock She Can't Stop Buying was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 hours ago
- Yahoo
1 Glorious Growth Stock That Could Beat Tesla to This $10 Trillion Opportunity
Key Points Cathie Wood's Ark Investment Management predicts autonomous vehicles will turn ride-hailing into a $10 trillion industry. Tesla launched a supervised autonomous ride-hailing service in June, ahead of the rollout of its Cybercab robotaxi next year. Building a large ride-hailing network might be Tesla's biggest hurdle, but another company has a huge advantage in that area already. 10 stocks we like better than Uber Technologies › Ark Investment Management was founded by seasoned technology investor Cathie Wood. Each year, the firm releases a new edition of its "Big Ideas" report, and the 2025 version outlines how autonomous vehicles could turn ride-hailing into a $10 trillion industry over the long term. Ark predicts these cars will dramatically reduce the cost per mile of transportation, leading to widespread adoption around the world. Tesla (NASDAQ: TSLA) is one of the leading developers of self-driving cars, and it recently launched an autonomous (but supervised) ride-hailing service in the U.S. as a test run for its upcoming Cybercab robotaxi. However, Tesla might not be the biggest winner of the autonomous revolution in the long run. Uber Technologies (NYSE: UBER) operates the world's largest ride-hailing network, and it has all of the infrastructure in place to accommodate the shift toward self-driving vehicles. In fact, some of the biggest developers are choosing Uber's platform to commercialize their autonomous technologies. Uber stock trades at a far more attractive valuation than Tesla stock right now, so here's why it could be a great buy as the self-driving revolution gathers steam. Uber's network is unrivaled Developing the world's best autonomous vehicle isn't Tesla's biggest challenge. Building a ride-hailing network and successfully scaling it so consumers feel confident they can catch a ride anywhere, anytime is the hard part, especially since many other carmakers are likely to enter this race over the long term. Uber has an incredible advantage in that department, because 180 million people use its platform every month for ride-hailing, food delivery, and commercial freight services. Therefore, even though Uber doesn't manufacture autonomous vehicles, it's quickly becoming the go-to destination for companies that do, because they want to access as many potential customers as possible. CEO Dara Khosrowshahi says Uber is already equipped with the necessary infrastructure to help companies deploy their autonomous vehicles, thanks to its 15 years of experience managing utilization in so many different cities. If a company deploys too many vehicles in a given location, Khosrowshahi says up to 95% of them could sit idle during quiet periods. If they don't deploy enough vehicles, they can't provide the timely service customers expect from ride-hailing platforms like Uber. That is a huge challenge for newcomers like Tesla. Plus, Uber has processes in place to quickly handle fare disputes, insurance claims, and lost item returns (when customers accidentally leave valuables behind), which are small but highly necessary services. Uber's list of autonomous partnerships continues to expand Autonomous driving could transform Uber's business from a financial perspective. During the second quarter of 2025 (ended June 30), its 8.8 million active drivers earned a combined $20.8 billion, which was the largest component of its $46.7 billion in gross bookings (the dollar amount customers spent on the platform). If Uber can eliminate that cost, a much larger chunk of its bookings will become revenue and profit. Uber had partnerships with 20 different developers of autonomous vehicles at the end of Q2, which was up from 18 in the first quarter. One of those partners is Alphabet's Waymo, which is already completing over 250,000 paid autonomous trips every week in the U.S. through a combination of its own ride-hailing platform and Uber's. Uber also welcomed China-based Baidu as a new partner in Q2. Its Apollo Go robotaxi service has completed over 11 million autonomous trips in total across Asia and the Middle East, which will supercharge Uber's presence in these high-growth markets. By comparison, Tesla is way behind in the autonomous ride-hailing business. Its full self-driving software isn't approved for unsupervised use anywhere in the world right now, so the company still hasn't cleared the most basic hurdle. The autonomous ride-hailing service it launched in June uses passenger electric vehicles (EVs) like the Model Y and it requires full supervision, which means a human specialist is in the passenger seat at all times in case something goes wrong. Uber stock looks far more attractive than Tesla stock Uber stock might be a better investment than Tesla stock, not only because the company is in a more favorable position to capture the $10 trillion autonomous ride-hailing opportunity, but also because of its valuation. Based on Uber's trailing-12-month revenue of $47.3 billion, its stock trades at a price-to-sales (P/S) ratio of 4.2, making it far cheaper than Tesla stock, which trades at a P/S ratio of 12.4: Uber's profits are also growing significantly, while Tesla's are currently shrinking due to several consecutive quarters of struggling EV sales. However, Uber's price-to-earnings (P/E) ratio is just 15.8, while Tesla's is an eye-popping 186.3, which could open the door to significant downside in the EV maker's stock. As a result, I think buying Uber stock could be one of the best ways for investors to profit from the autonomous revolution. Do the experts think Uber Technologies is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Uber Technologies make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,060% vs. just 182% for the S&P — that is beating the market by 877.64%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Baidu, Tesla, and Uber Technologies. The Motley Fool has a disclosure policy. 1 Glorious Growth Stock That Could Beat Tesla to This $10 Trillion Opportunity was originally published by The Motley Fool
Yahoo
a day ago
- Yahoo
With the Red Hot IPO Market Raging, Will This Crypto Exchange Backed by Peter Thiel and Cathie Wood Be Wall Street's Next Moon Shot?
Key Points Figma's IPO last week showed that there is high demand from Wall Street. Now, a crypto exchange called Bullish is planning to go public at a valuation as high as $4.2 billion. The exchange is backed by Peter Thiel, and Cathie Wood has already committed to purchasing a block of shares. 10 stocks we like better than Figma › If you didn't believe it after CoreWeave and Circle, then Figma's monster $1.2 billion debut on the public markets made it official: Initial public offerings (IPOs) are back, and in a big way. After several years of a moribund IPO market, conditions have started to thaw, and there seems to be more demand from Wall Street. Shortly after Figma, a crypto exchange called Bullish, backed by the tech billionaire Peter Thiel, announced it would go public. The shares could start trading as soon as this week. "We now intend to IPO because we believe that the digital assets industry is beginning its next leg of growth," Bullish's Chief Executive Officer Tom Farley said in the offering's registration statement with the Securities and Exchange Commission. Trying to capitalize on crypto and stablecoins Bullish wants to raise just over $629 million in an IPO that would value the company at more than $4.2 billion. Interestingly, Bullish is planning to convert a chunk of the proceeds into a U.S. dollar-backed stablecoin. The crypto exchange focuses on institutional traders, offering a variety of services including spot, margin, derivatives trading, and liquidity and risk management. Bullish also provides a subscription-based liquidity and stablecoin service for various assets. Bullish had handled more than $1.25 trillion of volume at the end of the first quarter. Bullish is regulated in Germany, Hong Kong, and Gibraltar, and is pursuing licenses in other countries, including the U.S. Bullish also acquired the popular crypto news website and data provider CoinDesk to offer investors insights, proprietary industry benchmarks and indexes, and news insights, although in terms of revenue, CoinDesk makes up a small percentage of the overall company. Bullish is a fairly difficult company to analyze, primarily because its results seem so heavily affected by changing crypto prices. For instance, between 2022 and 2024, net income came in at a $4.2 billion loss, a $1.3 billion profit, and a nearly $80 million profit, respectively. That's largely because these numbers include the change in the fair value of digital assets it held. Bullish does attempt to strip out some of the volatility by providing adjusted revenue, net income, and earnings before interest, taxes, depreciation, and amortization (EBITDA). Among other exclusions, adjusted EBITDA leaves out digital asset sales and the cost of digital assets derecognized; gains or losses from the remeasurement of the company's digital assets; certain non-cash expenses like stock-based compensation; and the change in the fair value of investments in financial assets related to digital asset funds. Here is the company's adjusted revenue, EBITDA, and net income in the years from 2022 to 2024. Operating Metric (millions) 2022 2023 2024 Adjusted Revenue 191 150 214 Adjusted EBITDA 36 27 52 Adjusted Net Income 29 22 10 Source: Bullish registration statement Looking purely at trading volume on the platform, growth has been strong, climbing from roughly $145 billion in 2022 to $546 billion in 2024. In the 2025 first quarter, trading volume came in at an annualized pace of $918 billion. The company says its growth strategy will include obtaining more regulatory licenses, new product development, building its customer base, and mergers and acquisitions. Can Bullish be the next IPO moonshot? There are certainly some things working in Bullish's favor. For one, regulatory clarity has provided a tailwind for crypto companies, with more people in mainstream finance willing to get involved. Bullish noted that Ark Invest's Cathie Wood and BlackRock have already agreed to purchase $200 million worth of shares. It also looks like the company could debut with a low public float, limiting how many shares are available for trading. It's only offering 20.3 million shares in the IPO, and the company's registration statement lists a diluted weighted average share count of more than 226 million at the end of the first quarter. The growth in trading volume is also impressive. Given the demand for IPOs, particularly in crypto, the notable names behind this one, and the low number of shares being offered, I could see a pop out of the gate. However, looking at the adjusted numbers, the valuation seems lofty, so I could see any pop being followed by a sell-off as investors quickly take profits. The Bullish IPO could be volatile, and I'm staying on the sidelines. Should you buy stock in Figma right now? Before you buy stock in Figma, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Figma wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. With the Red Hot IPO Market Raging, Will This Crypto Exchange Backed by Peter Thiel and Cathie Wood Be Wall Street's Next Moon Shot? was originally published by The Motley Fool Sign in to access your portfolio
