Latest news with #Ark
Yahoo
6 hours ago
- Business
- Yahoo
1 Standout Cryptocurrency to Buy Before It Rockets 1,900% Higher by 2030, According to Cathie Wood's Ark Invest
Key Points Cryptocurrency values are determined by supply and demand. Demand for this cryptocurrency is set to explode during the next five years for two main reasons. Limited supply growth and lots of holders could push the price even higher. 10 stocks we like better than Bitcoin › Investing in cryptocurrency typically comes with a lot of ups and downs. But if you're able to stomach the volatility, you could make some incredible profits. Bitcoin (CRYPTO: BTC), for example, has seen its value increase roughly 1,600% since the start of 2020. But that includes plunges of 25% or more on five separate occasions. The cryptocurrency lost more than half its value in 2021 before recovering to a new all-time high, just to lose more than three-quarters of its value in 2022. While Bitcoin currently sits near its all-time high once again, Cathie Wood's Ark Invest thinks it can keep climbing higher during the next 5 1/2 years. She and her team put a price target of $2.4 million on Bitcoin, according to the analysts' bull case for the cryptocurrency. That represents upside of more than 1,900%. Although it's likely to be a erratic climb, here's what could push Bitcoin to that level. The two biggest forces driving demand Ark Invest's analysis lays out several contributors toward the rise in the value of Bitcoin. Two of them account for about 80% of its price target: institutional investment and the asset's growing acceptance as a store of value. When it comes to institutional investment, Ark Invest sees the total addressable market climbing to $200 trillion by 2030. That assumes 3% growth from the $169 trillion in assets held by institutional investors at the end of 2024 (excluding gold). For its bull case, the analysts anticipate institutional investors allocating 6.5% of their assets to Bitcoin. That's certainly a significant allocation. Gold currently accounts for about 3.6% of assets held by institutions, according to the analysts. So, investors would have to move all of their gold into Bitcoin and then some in order to meet Ark's bull case. Its base case (price target of $1.2 million) calls for just 2.5% allocated to Bitcoin, which may be a more reasonable assumption for the long term (although it might not happen by 2030). Institutions are likely to accelerate their adoption of Bitcoin during the next few years. With Bitcoin exchange-traded funds (ETFs) now readily available for investors, it's a lot easier for institutions to buy and sell the asset. Moreover, the current administration in Washington is relaxing regulations around cryptocurrency and providing more clarity for investors. That should give big institutions more confidence in holding the cryptocurrency. Additionally, we're seeing growing adoption of the Bitcoin treasury model made popular by MicroStrategy. MicroStrategy, now doing business as Strategy, has bought $72 billion worth of Bitcoin as of this writing and continues to add billions of dollars of the crypto to its balance sheet every month. Ark's analysts still think corporations will only put about $700 billion into Bitcoin even in the most bullish scenario. The other factor driving Bitcoin's price higher during the next few years is the growing adoption of the asset as digital gold. The analysts see Bitcoin as a hedge against inflation. Considering the stubbornness of inflation right now and the potential for prices to increase with new tariffs going into effect, that could drive adoption of Bitcoin among consumers. Ark's analysts see gold's current market capitalization, about $18 trillion, as the potential market for Bitcoin as a gold alternative. In its bull case, it sees Bitcoin capturing 60% of the market, or nearly $11 trillion. Another big reason Bitcoin prices could climb Supply and demand are the only two driving forces behind the price of Bitcoin. The above factors describe how demand for Bitcoin could climb significantly higher during the next few years. But Bitcoin's supply grows at a fixed rate every time a new block gets validated on the blockchain. However, Ark's analysts point out that not every Bitcoin is really available for buying and selling. For example, the wallet of Bitcoin's anonymous creator, Satoshi Nakamoto, has sat idle since 2010 with 1.1 million Bitcoin in it. There are countless other wallets that haven't been active in years, either because the owners of those wallets are holding on forever or because they're inaccessible because the owners lost or forget their access keys. Ark's analysts estimate only about 60% of the Bitcoin already mined is in the active supply. When you apply that ratio to the growing demand for Bitcoin during the next few years, it results in significantly higher price targets. In Ark's bull case, that's $2.4 million, but even in the bear case, it expects the asset to climb to $500,000 due to the impact of limited active supply. Nearly 95% of Bitcoins 21 million coins have already been mined. The supply isn't going to grow significantly unless a dormant wallet unexpectedly decides to sell into the market, weighing on the price. But the long-term trend points to a continued increase in the value of Bitcoin. It might not reach Ark's bull case of $2.4 million per coin, but it's reasonable to expect the price of Bitcoin to keep climbing. As long as you can endure the inevitable volatility, it's worth holding some in your portfolio. Should you invest $1,000 in Bitcoin right now? 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 $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% 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 July 29, 2025 Adam Levy has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. 1 Standout Cryptocurrency to Buy Before It Rockets 1,900% Higher by 2030, 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
Miami Herald
4 days ago
- Business
- Miami Herald
Cathie Wood buys $45 million of battered megacap tech stock
Cathie Wood doesn't give up on companies she believes in. The Ark Invest chief is known for sticking with tech stocks she sees as "disruptive", often buying even when they face setbacks. This is what she just did, adding to a high-profile tech stock amid a post-earnings dip. 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 that momentum hit hard in March and April, with the funds trailing the market as top holdings slid amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of July 25, the flagship Ark Innovation ETF (ARKK) is up 33.3% year-to-date, far outpacing the S&P 500's 8.6% 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 tumbled more than 60%. As of July 25, Ark Innovation ETF, with $6.8 billion under management, has delivered a five-year annualized return of negative 0.03%. The S&P 500 has an annualized return of 16.46% over the same period. 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. According to Wood, these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income The Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, 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. Wood recently said the U.S. is coming out of a three-year "rolling recession" and heading into a productivity-led recovery that could trigger a broader bull 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 US, 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. But not all investors share this optimism. Through July 10, the Ark Innovation ETF saw nearly $2 billion in net outflows over the past 12 months, according to ETF research firm VettaFi. On July 24, the day when Tesla (TSLA) dropped 8.2% following its second-quarter earnings, Wood's Ark funds snapped up 143,190 shares worth around $45.3 million. This was one of Wood's largest recent purchases. Tesla's Q2 earnings were quite dismal. The electric vehicle maker reported a 16% drop in automotive revenue as vehicle sales declined for the second straight quarter. Related: Analysts turn heads with new Alphabet stock price target after earnings The company posted adjusted earnings of 40 cents per share, missing the 43 cents expected. Revenue came in at $22.50 billion, slightly below the $22.74 billion forecast. "We probably could have a few rough quarters. I am not saying that we will, but we could," CEO Elon Musk said. Tesla is grappling with growing challenges, from the rise of lower-cost electric vehicle competitors, especially in China, to a political backlash against Musk that has damaged the brand in the U.S. and Europe. But that hasn't stopped Wood, a longtime supporter of Tesla, from doubling down. "We've been dealing with controversy around Elon Musk in one form or another since we first bought the stock," Wood said in a recent interview with Bloomberg. "We do trust the board and the board's instincts here and we stay out of politics." She also noted that Musk seems more focused on the business again, especially after he decided to take charge of sales in the US and Europe. "One of the announcements Elon made recently is that he is going to oversee sales in the US and in Europe," Wood said. "When he puts his mind on something, he usually gets the job done. So I think he's much less distracted now than he was, let's say, in the White House 24/7." Back in March, Wood predicted Tesla's stock would reach $2,600 in five years, which is nearly nine times higher than where it trades now. Much of the optimism is driven by the company's highly anticipated robotaxi, which Wood believes will account for 90% of the company's value. Musk said during the earnings call that Tesla's robotaxi service, which the company has recently started testing in Austin, Texas, will expand to other states, with a goal of covering half the U.S. population by year-end pending regulatory approvals. "That's at least our goal, subject to regulatory approvals. I think we will technically be able to do it," he said. Tesla stock is down more than 21% year-to-date. The stock has long been Wood's biggest holding, accounting for 9.6% of the Ark Innovation ETF. Related: Analysts unveil bold Amazon stock price target before earnings The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
6 days ago
- Business
- Yahoo
Cathie Wood sells crypto stocks at the top to load up on unusual bet
Cathie Wood sells crypto stocks at the top to load up on unusual bet originally appeared on TheStreet. Cathie Wood's Ark Invest has trimmed its holdings in several high-profile crypto stocks — including Coinbase (COIN) and Robinhood (HOOD) — while making a bold move into an unexpected asset, an Ether-focused treasury firm backed by Peter Thiel. On July 24, Ark sold 30,501 shares of Coinbase worth roughly $12 million, continuing a trend of profit-taking on one of the most closely watched crypto equities. The firm also dumped 11,262 shares of Robinhood, totaling around $1.1 million, based on the stock's closing price that day. At the same time, Ark increased exposure to Bitmine Immersion Technologies (BMNR), an ether-focused treasury platform. Last week, the firm poured $116 million into Bitmine, which specializes in immersion cooling tech and on-chain capital selloff wasn't limited to Coinbase and Robinhood. Ark also offloaded 123,169 shares of Jack Dorsey's Block Inc. (XYZ), worth an estimated $10 million. Additionally, 28,906 shares of Ark's own Bitcoin ETF (ARKB) were sold, valued at approximately $1.1 million. This shift in allocation comes as crypto markets remain highly volatile. Bitcoin is down 2.5% to $115,536.96, while Ethereum trades up 1.59% at $3,692.93. XRP, despite recent headlines, dipped slightly by 0.11% to $ latest pivot suggests a strategy shift — possibly an attempt to gain more leverage in Ethereum's ecosystem via Bitmine, as traditional plays like Coinbase and Robinhood show signs of plateauing. Coinbase and Robinhood Hit All-Time Highs As of July, both Coinbase (COIN) and Robinhood (HOOD) have surged to new all-time highs, reflecting strong investor interest amid a booming crypto market. COIN reached a record price of $419.78, while HOOD climbed to $113.44, marking its highest valuation ever. Robinhood (HOOD) is up nearly seven times in 2025, soaring from $14 to $113, fueled by crypto growth and new products. Coinbase (COIN) has more than doubled year-to-date, rising from $170 to $419. Cathie Wood sells crypto stocks at the top to load up on unusual bet first appeared on TheStreet on Jul 25, 2025 This story was originally reported by TheStreet on Jul 25, 2025, where it first appeared.
Metro
24-07-2025
- Entertainment
- Metro
Fan plays video game for 35,000 hours and then demands a refund
A frustrated fan of dinosaur game Ark: Survival Evolved wants a refund, even after playing it for four years straight. While it's important that digital platforms allow you to get refunds on video games you've purchased, there obviously need to be restrictions in place to prevent people from just playing the game all the way through and then asking for their money back. That becomes tricky when it's a multiplayer game, but Steam's refund policy states that you not only need to request a refund within two weeks of purchase, but you must also have played the game for less than two hours. There's an argument to be had about whether two hours is enough time to determine if a game is right for you, but we can all agree that if you've sunk in 35,000 hours, it's too late to be asking for your money back. And yet, one fan of dinosaur themed MMO Ark: Survival Evolved has done exactly that. If you visit the game's Steam page, you'll find the user review at the top of the 'most helpful' section is a scathing takedown written by a player claiming to have 'enjoyed Ark for 35,000 hours, one of my favourite games to play with friends and family.' 35,000 hours is equivalent to playing the game for almost four years straight, which we don't need to tell you is a wee bit more than Steam's two hour limit for refund requests. As for why they're only now asking for a refund, the fan says it's because their own custom server, that makes use of fan-made mods, no longer works. The review was posted on July 16, the same day as an update for the game and its Aquatica DLC, so the assumption is that the update is responsible for this. Sign up to the GameCentral newsletter for a unique take on the week in gaming, alongside the latest reviews and more. Delivered to your inbox every Saturday morning. 'Server doesn't match, mods don't work, and of all this is to force us to [Ark: Survival Ascended],' continues the review, 'I have that game as well, and It sucks.' For context, Survival Ascended is a remaster of Survival Evolved currently in early access and is meant to serve as a replacement, since the original game's official servers are shut down. Not that that's stopped fans from sticking with it through custom servers. Surprisingly or not, there are plenty of other fans who agree with the sentiment. One reply to the review on Steam reads, 'Ark was one of my best games, but after this I will be joining the guy with the 35,000 hours…I also want my refund.' Another adds, 'When the guy with 35K hours is saying this… you as a company need to pack it up and go home.' More Trending Not everyone is sympathetic, though, with others pointing out the obscene playtime. 'Buddy you are not getting a refund, in no world would you get a refund for anything you spend this much damn time on,' reads one response on Steam. Another simply says, 'Bro go outside.' Recent reactions to the review on Reddit are also split, with some mocking the player's refund demand while others think it's justified and agree that the new update is a ploy to push fans into getting the remaster (which, for the record, is a separate paid product). There's no indication of how much he paid for the game originally but while it's £12.79 at the moment it cost as much as £54.99 during its peak. The remaster is currently £37.99. Email gamecentral@ leave a comment below, follow us on Twitter. To submit Inbox letters and Reader's Features more easily, without the need to send an email, just use our Submit Stuff page here. For more stories like this, check our Gaming page. MORE: The 13 best dinosaur video games ever made MORE: Portal 2 is no longer the highest rated video game on Steam MORE: Nintendo and Steam crack down on hentai and other 'eSlop' filling up game stores
Yahoo
18-07-2025
- Automotive
- Yahoo
An $860 Billion Opportunity: Is Serve Robotics Stock a Buy Based on This Forecast by Cathie Wood's Ark Invest?
Key Points Cathie Wood's Ark Invest exchange-traded funds hold stakes in some of the world's most innovative technology companies. Ark recently issued a forecast suggesting the logistics industry will be shaken up by autonomous vehicles, creating an $860 billion opportunity. Serve Robotics is an early leader in the autonomous delivery robot niche, and it already has a big deal with Uber Eats. 10 stocks we like better than Serve Robotics › Cathie Wood is one of the most vocal bulls on Wall Street when it comes to innovative technologies like artificial intelligence (AI), robotics, and autonomous vehicles. Her firm, Ark Invest, runs a set of exchange-traded funds (ETFs) that invest in companies operating in those industries. Earlier this year, Ark released the 2025 edition of its annual "Big Ideas" report, which featured updated forecasts for many of its favorite investing themes. In its look at the future of the logistics industry, the firm predicted there could be a whopping $860 billion revenue opportunity by 2030 for autonomous delivery robots, drones, and even trucks. Serve Robotics (NASDAQ: SERV) is a small-cap company worth just $600 million, but it's trying to transform last-mile logistics with its autonomous food delivery robots. It has a major contract with Uber Technologies to launch 2,000 robots this year, but that might be the tip of the iceberg if Ark's forecasts prove close to accurate. Is the stock a buy right now? Breaking down the opportunity Ark's $860 billion forecast is divided into three parts: $160 billion for food delivery, $280 billion for parcel delivery, and $420 billion for larger freight that would be delivered by autonomous trucks. Serve started with food delivery robots that navigate on sidewalks autonomously, but the company is moving into drones and other last-mile solutions that could eventually expand its reach into parcels. Serve's latest Gen3 robots run on Nvidia's Jetson Orin platform, which provides the computing power they need to operate autonomously. Those Gen3 robots operate with level 4 autonomy, meaning they can safely travel on sidewalks within designated areas without any human intervention. To capture the forecast $160 billion opportunity in autonomous food delivery by 2030 could require millions of robots operating all over the world. The 2,000 new Gen3 models that Serve will deploy this year under its deal with Uber Eats will help validate its business model and pave the way for a larger rollout. Around 250 hit the streets during the first quarter of 2025, with 700 more expected to be in use by the end of the third quarter, and the remainder coming online before the end of the year. The new robots enabled Serve to expand its service into Miami and Dallas earlier this year. In June, the company also started operating in Atlanta. Serve's revenue could soar, but it's losing truckloads of money Serve's revenue stream is quite lumpy right now, which is typical for a company in the scale-up phase. In the first quarter, revenue plunged by 53% year over year to $440,465. However, that decline was entirely due to the fact that the comparison was being made against a year-ago period during which its revenue was inflated by a one-off licensing payment of $850,000 from its manufacturing partner, Magna International. Moreover, Serve's first-quarter revenue was up by a whopping 150% from its result three months earlier (which wasn't distorted by unusual payments). This suggests there is some genuine momentum building in its delivery business. In fact, Wall Street's consensus estimate (provided by Yahoo! Finance) suggests Serve's 2025 revenue could come in at $6.8 million, which would be a 275% jump compared to 2024. Then in 2026, analysts believe Serve's revenue will surge by another 648% to $50.6 million as more of its robots go into service. But there's a glaring problem: Scaling an autonomous robotics business isn't cheap. Serve lost $13.2 million during the first quarter of 2025 alone, putting the company on track to exceed its 2024 net loss of $39.2 million by a wide margin. Even if Serve does deliver $6.8 million in revenue this year, that won't be anywhere near enough to offset the amount it's spending on line items like research and development. The company has around $197 million in cash on its balance sheet, so it can afford to lose money at its current pace for at least a couple more years, but it will have to chart a path to profitability soon. If it doesn't, it might need to raise capital again, which would dilute existing investors and dent their potential returns. Serve stock isn't cheap, but should investors buy it anyway? Serve stock trades at a sky-high price-to-sales (P/S) ratio of 368 as of July 15, which makes it a staggering 13 times more expensive by that metric than Nvidia. I'm going to be completely frank: Serve stock doesn't deserve to be trading at such a hefty premium, so it's difficult to make the case for buying it right now. However, the stock looks a little more reasonable if we value it based on its expected future revenue. If we assume the company will bring in $6.8 million this year as Wall Street expects, that gives the stock a forward P/S ratio of 89.6 -- still expensive, but a little less ludicrous. If we base its valuation on Wall Street's 2026 revenue forecast of $50.6 million, that places its stock at a 1-year forward P/S ratio of 12, which might even be considered cheap for a company growing this quickly. But it's impossible to know whether Serve can deliver as much revenue over the next couple of years as Wall Street expects. Therefore, short- to medium-term investors should probably proceed with caution. However, if Ark's 2030 forecasts for the autonomous logistics industry prove accurate, then investors who are willing to buy Serve stock today and hold onto it for at least the next five years or so could do well, despite its eye-watering valuation right now. Should you invest $1,000 in Serve Robotics right now? Before you buy stock in Serve Robotics, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Serve Robotics 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 $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% 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 July 15, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia, Serve Robotics, and Uber Technologies. The Motley Fool recommends Magna International. The Motley Fool has a disclosure policy. An $860 Billion Opportunity: Is Serve Robotics Stock a Buy Based on This Forecast by 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
