Cathie Wood's ARK Investment buys 133.3K shares of Personalis today
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Yahoo
a day ago
- Yahoo
Cathie Wood buys $12 million of tumbling AI stock
Cathie Wood buys $12 million of tumbling AI stock originally appeared on TheStreet. Cathie Wood, head of Ark Investment Management, targets tech companies she believes will lead the next wave of innovation. But she's not a passive investor. She frequently adjusts her positions, buying more when stock prices fall and trimming when they rally, balancing short-term gains and her long-term vision. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA That's what she just did, buying shares of a popular tech stock that has tumbled 36% after earnings. Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum faded in March and April, with the funds trailing the market as top holdings — especially Tesla, Wood's biggest position — slid amid growing concerns over the macroeconomy and trade policies. Now, the Ark funds are making a strong comeback. As of Aug. 15, the flagship Ark Innovation ETF () is up 33.7% year-to-date, far outpacing the S&P 500's 9.7% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. Those swings have weighed on her long-term results. As of Aug. 15, the Ark Innovation ETF has delivered a five-year annualized return of negative 1.4%, while the S&P 500 has an annualized return of 15.6% over the same period. Cathie Wood's investment strategy explained Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. She says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. More investing: Once battered AI stock surges 43% after earnings Veteran analyst sounds alarm on Rocket Lab stock after earnings Veteran fund manager turns heads with Palantir stock price target Over the 10 years ending in 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Still, Wood has been bullish on the market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. Many investors share this optimism. Over the past five days through Aug. 14, the Ark Innovation ETF attracted $5.52 billion in net inflows, according to data from ETF research firm VettaFi. That's almost 70% of the fund's $8 billion assets at the end of July. Cathie Wood buys $12 million of CoreWeave stock On Aug. 15, Wood's Ark Next Generation Internet ETF () bought 120,229 shares of CoreWeave Inc. () worth roughly $12 million. The purchase came after CoreWeave tumbled 20.8% on Aug. 13 and another 15.5% on Aug. 14, following earnings that showed a larger-than-expected loss as the company increased spending to meet surging is a cloud infrastructure company specializing in GPU-accelerated computing for artificial intelligence and machine learning workloads. The company is backed by Nvidia () , now the AI chipmaker's largest holding. On Aug. 12, CoreWeave posted a second-quarter loss of 60 cents per share, much wider than Wall Street analysts' forecast of a loss of 45 cents. Still, revenue jumped 207% from a year earlier to $1.21 billion, topping estimates. Operating expenses in Q2 nearly quadrupled, rising 276% to $1.19 billion. 'We are scaling rapidly as we look to meet the unprecedented demand for AI,' said Michael Intrator, co-founder and CEO of CoreWeave. CFO Nitin Agrawal said during the earnings call that the company is "still operating in a structurally supply-constrained environment, where demand far outstrips supply for our products and services." In Q2, CoreWeave's operating margin fell to 2% from 20% a year ago. Agrawal cautioned that the company will "incur some costs prior to revenue generation," which will have a short-term impact on margins. For the current quarter, the company expects revenue between $1.26 billion and $1.30 billion, slightly above the $1.25 billion analysts had forecast. Despite the recent drop, CoreWeave stock is still up 156% since its March debut. While Wood is buying, Morgan Stanley, JPMorgan Chase, and Goldman Sachs are arranging sales of up to $10 billion of CoreWeave stock as the IPO lock-up Wood buys $12 million of tumbling AI stock first appeared on TheStreet on Aug 16, 2025 This story was originally reported by TheStreet on Aug 16, 2025, where it first appeared. 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Business Insider
a day ago
- Business Insider
'Something's Gotta Break!': Target Stock (NYSE:TGT) Slips, New Boycott May Rise
There are some cracks emerging in the facade of retail giant Target (TGT). Foot traffic is still down even six months after the last boycott hit. Moreover, there could be another boycott brewing that will hit Target ahead of holiday shopping season. The idea left investors cold, and shares slipped nearly 1.5% in Friday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Target has had some serious trouble lately with political matters. Around two years ago, during the Biden administration, conservatives took aim at Target. They launched a boycott over Target's sale of LGBTQ-themed merchandise, as well as certain policies about the store's restrooms. The boycott seemed to work, and Target pivoted, changing display policies, bathroom policies, and even later making the move to end diversity, equity and inclusion (DEI) policies in accordance with new policies from President Trump. But liberals saw that the boycott plan worked, and launched their own, in protest of the DEI shutdown. Reports noted that foot traffic at Target is down, and falling. In fact, foot traffic fell for the sixth month in a row in year-over-year comparisons. Yet not all the lost foot traffic is attributable to politics. Some believe that Target is '…slipping on retail basics,' like empty cart corrals and understocked, unclean shelves. Another Boycott Brewing? There are also signs that another boycott could be in the works, which might hit Target at the worst possible time: holiday shopping season. Pastor Jamal Harrison Bryant has been working on the notion of getting his flock to stop shopping at Target stores, again over issues of DEI. Bryant took to his pulpit to insist 'Something's gotta break!' in the midst of a sermon about debt, divorce, and drugs, after which he quickly pivoted to taking on Target. While Bryant acknowledges that the momentum is against him—especially given that the Trump Administration is referring to DEI programs as 'illegal DEI'—Bryant believes that a boycott might also serve as a '…way to energize those younger churchgoers that remain,' a number that has been falling off historically since at least 2007. So if Bryant, and those like him, believe they may be able to use a Target boycott to put life back in their churches, then a boycott may indeed be coming. Is Target Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on TGT stock based on 11 Buys, 17 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 27.62% loss in its share price over the past year, the average TGT price target of $103.40 per share implies 0.51% upside potential.
Business Insider
a day ago
- Business Insider
Cathie Wood Buys the Dip in CoreWeave Stock (CRWV) While Wall Street Remains Cautious
CoreWeave (CRWV) stock has plunged nearly 33% since the company announced its second-quarter results. The artificial intelligence (AI)-powered cloud computing company generated a 207% jump in its Q2 revenue but reported a larger-than-anticipated loss. Moreover, concerns about near-term volatility due to the end of the lock-up period, which allows early investors and insiders to sell the stock, are also weighing on investor sentiment. While Cathie Wood bought the dip in CoreWeave stock by purchasing 120,229 shares via the ARK Next Generation Internet ETF (ARKW) on Friday, Wall Street remains cautious due to high leverage and significant capex. Despite the recent pullback, CRWV stock has risen about 150% from its initial public offering (IPO) price of $40. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Meanwhile, CoreWeave's key AI chip supplier, Nvidia (NVDA), increased its stake in the AI infrastructure company in Q2 2025. Following the Q2 print, Bank of America Securities analyst Bradley Sills lowered the price target for CoreWeave stock to $168 from $185 and reiterated a Hold rating. The 4-star analyst noted that a 4% quarter-over-quarter rise in backlog, excluding the OpenAI deal, was somewhat disappointing, though it does not include a second announced expansion deal that will be included in Q3. Sills added that the company didn't provide much information about the status of the Core Scientific (CORZ) deal. He expects the speculation about regulatory scrutiny to remain an overhang on CRWV stock. Sills also expects the lock-up expiration to be an overhang on CoreWeave stock. That said, the analyst believes that CoreWeave remains well-positioned to benefit from a ramping AI infrastructure industry. Meanwhile, Morgan Stanley analyst Keith Weiss reiterated a Hold rating on CoreWeave stock with a price target of $91. The 4-star analyst stated that accruing and expanding large contracts from the most demanding generative AI users validate CoreWeave's strong positioning for the ramping graphics processing units (GPU) build-out. Weiss thinks that large contract wins from Microsoft (MSFT) and ChatGPT-maker OpenAI are 'enabling a top-line scaling function,' but present a double-edged sword. While on one side, these deals validate CRWV's strong technology from the most demanding AI customers, on the other hand, they bring in a level of customer concentration risk, setting a high bar for other customers to become meaningful to the overall story. Is CoreWeave Stock a Good Investment? Overall, Wall Street is sidelined on CoreWeave stock, with a Hold consensus rating based on 16 Holds, six Buys, and two Sell recommendations. The average CRWV stock price target of $115.29 indicates 15.3% upside potential from current levels.
