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via finance.yahoo.comAsset Management

Cathie Wood buys 16 million in AI stock, sells 10 million

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. CoreWeave Inc. (CRWV, Financials) saw a $16 million investment from Cathie Wood's ARK Invest, as the company upped its exposure to AI infrastructure and pared its holding in Palantir.ARK bought 283,022 CoreWeave sold and shared 58,339…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralARK fund trades in AI stocks, with a moderate impact on the two names.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01ARK bought 283,022 CoreWeave shares worth about 16 million dollars.
  2. 02CoreWeave reported third-quarter revenue of 3.66 billion dollars, up 168%.
  3. 03ARK sold 58,339 Palantir shares valued at almost 10 million dollars.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
CoreWeave, Inc. Class A Common StockCRWVStock56.60 USDMarket closedtoday -6.86%Neutral Palantir Technologies Inc.PLTRStock171.58 USDMarket closedtoday -0.48%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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