Latest news with #ArkInvestmentManagementLLC
Bloomberg
20-05-2025
- Business
- Bloomberg
Cathie Wood Buys Most TSMC Depositary Receipts in Nearly a Year
Cathie Wood's funds made their biggest purchase of Taiwan Semiconductor Manufacturing Co. shares in nearly a year, underscoring a change in stance from being mostly sellers of the chipmaker since the third quarter of last year. Wood's flagship fund Ark Innovation ETF purchased 123,587 American depositary receipts of Taiwan's largest company on Monday, while Ark Next Generation Internet ETF bought 74,189 ADRs, Ark Investment Management LLC data compiled by Bloomberg show.
Bloomberg
25-03-2025
- Automotive
- Bloomberg
Cathie Wood Sticks With Tesla, Predicts Stock Will Hit $2,600
Cathie Wood's Ark Investment Management LLC remains bullish on Tesla Inc. and expects the stock will hit $2,600 in five years, or almost 10 times its current price. Wood said in an interview with Bloomberg TV that Tesla's robo taxis will account for 90% of its value over that time. Tesla has initiatives in humanoid robots that Ark hasn't even factored into the price prediction, she added on the sidelines of the HSBC Global Investment Summit in Hong Kong on Tuesday.
