@ShallowLoving 1 week ago
Cathie Wood is adding to Ark's positions in NVDA, AVGO, and NET
Cathie Wood is adding to Ark's positions in NVDA, AVGO, and NET
Cathie Wood was actively buying this week, adding to her existing positions in Nvidia, Broadcom, and Cloudflare across Ark Invest's ETFs.
For Nvidia, she added shares to five of her six funds. The stock is sitting about 8% below its May high. Revenue grew 85% last quarter, and it's currently trading under 17 times next year's profit target.
Broadcom is down 15% from its June peak despite a recent beat and raise. They posted 49% revenue growth last quarter, with guidance pointing to an 84% increase next quarter. It is trading around 20x forward earnings.
Cloudflare hit an all-time high last Friday. Revenue grew 36% in their latest quarter, which is their best top-line growth in over three years. Momentum is picking back up as cybersecurity demands increase.

www.fool.com
| Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought | The Motley Fool

There are no comments here, be the first to comment