Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | Reuters ARK Invest CEO Cathie Wood stated that she did not participate in Arm’s IPO last week due to its overvaluation compared to …
Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything …
Cathie Wood, the CEO of Ark Invest, has made a strategic decision to completely eliminate her flagship innovation fund’s exposure to China. This move comes as the Chinese market experiences an economic slowdown. Wood, known for her tech investments, has chosen to consolidate her portfolio around her favorite bets, such as Tesla, Coinbase, Roku, and …