Latest news with #ARK
Yahoo
2 days ago
- Business
- Yahoo
Cathie Wood Goes Bargain Hunting: 1 Monster Artificial Intelligence (AI) Semiconductor Stock She Just Bought on the Dip. (Hint: It's Not Nvidia or AMD.)
Over the last couple of months, Cathie Wood has been adding more semiconductor stocks to ARK's portfolio. Per ARK's trading data, the firm has been taking advantage of sell-offs in Nvidia and Advanced Micro Devices. And now, Wood has complemented her positions in Nvidia and AMD with another monster AI chip stock. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Cathie Wood is best known for investing in emerging (if not speculative) technologies such as genomics and flying electric taxis. If you take even a cursory glance at her portfolio with ARK Invest, odds are you'll be unfamiliar with most of her largest positions. From time to time, however, there are mainstream opportunities that even Wood can't pass up. Let's explore how she has been investing in artificial intelligence (AI) as of late, and more specifically, which semiconductor stocks she has had on her radar. ARK Invest offers investors eight different exchange-traded funds (ETFs), each of which focuses on a specific theme. According to ARK's website, the largest positions in the portfolios include Tesla, Coinbase Global, Roku, Palantir Technologies, Robinhood Markets, and Archer Aviation. Each of these companies has attracted a loyal following -- mostly from retail investors -- but Wood complements these positions with some more blue chip businesses. When it comes to mainstream AI stocks, she owns positions in "Magnificent Seven" cornerstones Amazon and Alphabet. My guess? She's hedging her more-speculative positions with cloud hyperscalers that are already proving just how lucrative AI-powered services can be for their businesses. Besides the above, however, I've noticed a little trend in Wood's buying patterns over the last couple of months. Specifically, ARK has been rounding out its AI investments with chip stocks. She appears to have rekindled her relationship with Nvidia during the Nasdaq sell-off earlier this year, and more recently, she bought the dip in Advanced Micro Devices (AMD). Now, the growth investor just pounced on another AI chip stock, and I think this might be her most savvy move yet. According to recent trading data, ARK bought a combined 241,047 shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) between May 19 and 20. This is notable because it's the first major purchase of Taiwan Semiconductor by ARK in years. TSMC (as it's also known) specializes in foundry services. This is an important component of the chip development process because companies such as Nvidia, AMD, Broadcom, Amazon, Qualcomm, and many more all rely heavily on TSMC's fabrication process to bring their chip and system designs to life. AI infrastructure spending is expected to reach multiple trillions of dollars by the next decade, so I'm confident that TSMC's services will remain in demand as companies continue buying chips and outfitting data centers. However, I see a more subtle reason to own the stock. To me, TSMC is the engine powering the entire AI vehicle. Without its market-leading fabrication processes, Nvidia and its peers likely would not be able to fulfill demand for their chipsets. Given these dynamics, TSMC is in a rare position in that it stands to benefit as long as demand for graphics processing units (GPUs) and other semiconductor products remains strong. In other words, the company's growth doesn't hinge on a particular chip design from a specific company. Rather, it can enjoy broader, more secular tailwinds from AI infrastructure. Over the past year, shares of TSMC have gained 20% -- nearly double the gains seen across both the S&P 500 and Nasdaq Composite. While that might imply the stock is experiencing some outsize momentum, I still find shares attractively priced right now. Prior to the rebound in the stock market over the last few weeks, TSMC's forward price-to-earnings multiple (P/E) was hovering around its lowest levels in a year. What's more, even though the company's valuation multiples have been expanding as of late, its forward P/E of 20.8 is nearly identical to the average forward P/E across the S&P 500 index. Given how strong AI tailwinds remain -- even during this pronounced period of economic uncertainty -- combined with TSMC's mission-critical role in bringing chipsets to life, I'm hard-pressed to think that the company's prospects are commensurate with that of the broader market. To me, investors are heavily discounting the stock right now. I see shares as a no-brainer and a bargain. I think growth investors with a long time horizon should consider following Wood's lead and complement their chip stocks with a position in Taiwan Semiconductor Manufacturing. Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Taiwan Semiconductor Manufacturing 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 $651,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,263!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Adam Spatacco has positions in Alphabet, Amazon, Coinbase Global, Nvidia, Palantir Technologies, and Tesla. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Coinbase Global, Nvidia, Palantir Technologies, Qualcomm, Roku, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Cathie Wood Goes Bargain Hunting: 1 Monster Artificial Intelligence (AI) Semiconductor Stock She Just Bought on the Dip. (Hint: It's Not Nvidia or AMD.) 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
Japan Times
3 days ago
- General
- Japan Times
This charming Shiba enjoys life's simple pleasures
This beautiful Shiba in her golden years is named Charisma, and time with her, as they say of charismatic people, may indeed inspire devotion. Charisma has a quiet charm, rooted in her love of a simple life and simple pleasures. Sweet and friendly, this smiley Shiba lost her home when her elderly owner was hospitalized. She came to ARK as 'quite a chubby girl,' but has since dieted down to a perfect curvy 8 kilograms. Soft toys are one of Charisma's go-to pleasures, and she can still play like a pup. Then there's snoozing in her bed, another favorite pastime. She also enjoys massages and will happily cozy up with you, especially if there's a good facial massage to be had. While she has a taste for life's simple pleasures, Charisma won't hesitate to let you know when something rubs her the wrong way. | Kana Matsutani Though she is a connoisseur of life's simple pleasures, Charisma is also ready to let you know when something rubs her the wrong way. It's a two-way street. Give this girl time to get to know you and you'll get to bask in her affection, day and night. If you are interested in adopting, email ARK at Tokyoark@ or call 050-1557-2763 (English or Japanese) Monday to Saturday (bilingual) for more information. Animal Refuge Kansai (with offices in Kansai and Tokyo) is an NPO founded by U.K. native Elizabeth Oliver. It is dedicated to rescuing and rehoming abandoned animals. All animals are vaccinated, neutered and microchipped. Prospective owners are required to undergo a screening process. Web:
Yahoo
3 days ago
- Business
- Yahoo
Stablecoin Giant Circle Files for IPO on NYSE
Circle Internet Group, the firm behind stablecoin USDC, has filed for an initial public offering on the New York Stock Exchange, the firm said on Tuesday. Circle is offering 24 million of its class A shares, out of which 9.6 million is being offered by the firm, while 14.4 million shares are being offered by selling stakeholders. It also expects to grant the underwriters a 30-day option to buy up to 3.6 million shares. The IPO price is expected to be between $24 and $26 per share. Based on the higher end of the range, Circle could raise almost $250 million, while the selling stakeholders could get nearly $375 million for their stake. Cathie Wood's ARK has expressed interest in buying $150 million worth of shares from the IPO, the USDC-issuer said in a filing. Cathie Wood's ARK Investment have indicated an interest in buying $150 million shares of the USDC-issuer from the IPO, Circle said in a filing. J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are acting as joint lead active bookrunners for the offering. The stablecoin giant will trade under the ticker 'CRCL." The Jeremy Allaire-led firm has been trying to go public for almost 4 years. In 2021, Circle tried to go public through a special purpose acquisition company (SPAC), which later fell through. In April, the firm filed for an S-1 form with the Securities and Exchange Commission (SEC) in order to get listed. However, it was later reported that the USDC-issuer was looking to delay its IPO. Last week, Fortune reported that Circle also explored a $5 billion sale instead of going through the IPO route. It was also reported that listed crypto exchange Coinbase (COIN) and payments firm Ripple, which also has its RLUSD stablecoin, were among the (May 27, 11:47 UTC): Adds additional details on Circle's IPO (May 27, 12:50 UTC): Adds details on ARK UPDATE (May 27, 12:53 UTC): Adds details on ARK expressing interest in buying Circle shares from the IPO. 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
3 days ago
- Business
- Yahoo
1 Unstoppable Cryptocurrency to Buy Before It Soars 2,101%, According to Cathie Wood's ARK Invest
Noted technology investor Cathie Wood just issued a new long-term forecast for Bitcoin. In ARK's new April report, it detailed a series of catalysts that she thinks could drive Bitcoin to $2.4 million by 2030. That implies a return of 2,101% from here, but I'm not so sure the prediction is realistic. 10 stocks we like better than Bitcoin › Cathie Wood is the chief executive officer of ARK Investment Management, which operates several exchange-traded funds (ETFs) focused on disruptive technologies. Cryptocurrencies are an area of focus for ARK, and it was one of the first firms to receive approval from the Securities and Exchange Commission (SEC) to launch a Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) last year. Bitcoin is the world's largest cryptocurrency by market value, and ARK is extremely bullish about its future. In 2024, the firm issued a forecast that suggested the crypto could reach $1.5 million by 2030, implying a potential upside of 1,276% from its current price of $109,000 as of this writing. But last month, ARK released a new report with a fresh set of predictions and revised its bull case to $2.4 million per coin by 2030, which implies it could soar by 2,101% instead. But how realistic is that target? Had you invested $1,000 in Bitcoin 10 years ago, it would be worth $451,600 today. The same investment in the S&P 500 index would have grown to just $2,730 over the same period. It now has a market capitalization of $2.18 trillion, so if it were a company, it would be the fourth largest in the world. The digital coin has a unique set of qualities differentiating it from most other investible assets, and even most other cryptocurrencies. It's completely decentralized, so it can't be controlled by any person, company, or government. It's also scarce thanks to a fixed supply of 21 million coins -- 19.8 million of which are in circulation (the rest will be slowly mined by about 2140). Lastly, it's built on a secure system of record called the blockchain, where transactions are publicly verifiable. With that said, Bitcoin doesn't produce any revenue or earnings, nor is it very useful as a currency because of its extreme volatility, so it's still a highly speculative asset. It's more like a digital version of gold than a stock or the U.S. dollar, so further upside is contingent on the willingness of other investors to continually pay a higher price. In ARK's new April report, it highlighted six catalysts to support its $2.4 million price target. But it pointed to three of them as primary catalysts, meaning they will have a much larger influence on the price between now and 2030: Institutional investment: ETFs enable financial advisors and institutional investors to own Bitcoin in a safe and regulated manner. Previously, they needed to use digital crypto wallets, which can be susceptible to hacks and irrecoverable losses. ARK says institutional investors will have about $200 trillion in assets under management by 2030, and predicts 6.5% of that figure could flow into Bitcoin thanks to ETFs. Digital gold: As I mentioned earlier, the crypto is often thought of as a digital version of gold, except it's easier to transfer ownership, which could make it more attractive in the contemporary economy. As a result, ARK thinks 60% of the money that is currently allocated to gold could be shifted into Bitcoin by 2030 instead. An emerging-market currency: Developing countries tend to have volatile currencies, which drastically affects their citizens' purchasing power. ARK believes the digital coin could be the ultimate safe asset to help these nations hedge against inflation and other economic headwinds. According to ARK's modeling, these three catalysts will contribute 92.5% of the value in the firm's $2.4 million price target. If it proves to be accurate, investors who buy the crypto today would earn a 2,101% return by 2030. If we take ARK's $2.4 million target and multiply it by Bitcoin's total supply of 21 million coins, we get a market capitalization of $50.4 trillion. In other words, the cryptocurrency would be 15 times more valuable than the world's largest company, Microsoft, which has a market cap of $3.4 trillion today. Moreover, it would be worth more than the entire annual output of the U.S. economy, which was $29.7 trillion last year. To me, that doesn't sound realistic for an asset with no revenue, no earnings, and no proven use case. Plus, Bitcoin ETFs have only attracted about $134 billion in inflows since the SEC started approving them in January last year, and ARK's forecast relies on that figure reaching a staggering $13 trillion by 2030 (or $2.6 trillion per year for the next five years). Based on the evidence so far, that doesn't seem likely. Even if investors consider the digital token to be a viable alternative to gold, humans have used the precious metal for thousands of years, and the value of all above-ground reserves is just $22.5 trillion today. If the crypto's market cap rose to match gold's market cap, it would translate to a price per coin of $1.07 million which is still well short of ARK's target. In summary, I think ARK's $2.4 million price prediction for Bitcoin is a little ambitious. The cryptocurrency might continue to trend higher from here, but investors should probably temper their expectations because the best returns might be in the rearview mirror. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin 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 $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. 1 Unstoppable Cryptocurrency to Buy Before It Soars 2,101%, According to Cathie Wood's ARK Invest 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
Irish Examiner
4 days ago
- Politics
- Irish Examiner
59% in the North believe human activity is primary cause of climate change — poll
Less than 60% of people in the North believe human activity is the primary cause of climate change, an opinion poll has suggested. The Northern Ireland Life and Times (NILT) survey found that respondents have lower levels of trust in scientific expertise on climate change than those in similar surveys in Britain, Ireland, or elsewhere in Europe. According to the poll, 59% of respondents believe human activity is the primary cause. It shows that 86% believe human activity plays at least some role. This is one of the lowest levels of belief in Europe, placing the North just above Slovakia and Lithuania — and below the British average of 90% and 88% in Ireland. Despite this, the poll suggests that public concern remains high, with 80% of respondents viewing climate change as a serious threat to human civilisation. The majority of respondents support stronger international co-operation and political action to address it, with three-quarters wanting to see local politicians elected in their constituency do more to tackle climate change. The survey from ARK, a social policy hub, is a joint Queen's University Belfast and Ulster University initiative. The NILT survey is an annual survey recording public attitudes to social issues. In 2024, 1,199 adults gave their opinion on issues including criminal justice system, integrated education, adult safeguarding, skills and training needs, relationships with different communities living in the North, and gender-based violence. The latest research on climate change was carried out by Katy Hayward and Jonny Hanson from Queen's. Other findings included: Men are less likely than women to feel personally responsible or support political action to address climate change; Younger people (18-34) are less likely to feel a sense of personal responsibility to address climate change; Across the Brexit divide, Leave voters are more likely to be sceptical and less concerned than Remain voters; There are no major differences between rural and urban dwellers on the topic of climate change, although the former are less likely to trust scientific experts on the topic. Prof Hayward said: 'The Climate Change Act (2022) marked a significant step for the Northern Ireland Assembly but whether it actually leads to the necessary political action depends in part on public demand to see politicians uphold their commitments. 'This NILT data shows us that not only are most people in Northern Ireland (82%) concerned that climate change poses a serious threat to nothing less than the future of human civilisation, they actively want to see local politicians do more to tackle it.' Dr Hanson said: 'This data is a reminder that tackling climate change is as much a societal endeavour as a technical one.
