The chipmaker has added around $560 billion in market capitalization since Wood dumped her shares — with the last $200 billion of that surge coming overnight after the company handily beat earnings.
Although Wood holds Nvidia across several of her smaller funds, investors in the flagship ARK Innovation ETF (ticker ARKK) have mostly been left out of this year’s blistering 159.90% rally.
In February, when Nvidia traded for $234 a share, roughly 50 times forward earnings, Wood said the valuation was “very high.”
https://finance.yahoo.com/news/cathie-wood-arkk-dumped-nvidia-184505860.html
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
3 views