Cathie Wood Says Nvidia Too Expensive, Tesla to Benefit From AI Boom

Investing.com2023-05-30

Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of...

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Diclet
2023-05-30
Diclet
Good, create entry

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href=https://in.investing.com/news/cathie-wood-says-nvidia-too-expensive-tesla-to-benefit-from-ai-boom-3664092><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of...</p>\n\n<a href=\"https://in.investing.com/news/cathie-wood-says-nvidia-too-expensive-tesla-to-benefit-from-ai-boom-3664092\">Source 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SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC"},"translate_title":"凯西·伍德说英伟达太贵了，特斯拉无法从人工智能热潮中获益","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1},"content_text":"Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of the curve,” and that Tesla Inc (NASDAQ:TSLA) was positioned to benefit from recent breakthroughs in artificial intelligence.In a series of tweets, Wood balked at Nvidia’s target of a 25 times sales jump for 2023, and that other players would likely benefit more from a coming AI boom.Specifically, electric carmaker Tesla is the “most obvious” beneficiary of recent AI advancements, Wood said, citing the firm’s push towards autonomous driving technology.“In our view, $TSLA - at 6X revenues - is the most obvious beneficiary of the recent breakthroughs in #AI, as it aims for an $8-10 trillion revenue TAM in autonomous mobility by 2030,” Wood said in a Twitter thread.Wood’s comments come on the heels of a sharp rally in Nvidia shares over the past week, which made the firm the world’s most valuable chipmaker and on course to log a $1 trillion valuation.The rally was driven chiefly by stronger-than-expected first-quarter earnings, which Nvidia linked to increased interest in AI. The chipmaker also forecast strong sales and demand for the year, citing rapidly increasing interest in AI development. The rally brought Nvidia’s annual gains to about 167% for the year.Gains in Nvidia spilled over into most other chipmaking stocks, triggering sharp rallies in its Asian suppliers, specifically SK Hynix Inc (KS:000660), Advantest Corp (TYO:6857), and TSMC (TW:2330).According to the website Cathie’s Ark, which track’s the holdings of the funds managed by Wood under the Ark name, Wood holds a total of 325,062 shares in Nvidia as of May 26.The fund had dumped about 79,000 shares in February, and 65,000 shares last week. Wood’s total holdings in Nvidia are now worth about $127 million, based on Nvidia’s last close on Friday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9979995817,"gmtCreate":1685429038039,"gmtModify":1685429148052,"author":{"id":"3577416981022063","authorId":"3577416981022063","name":"Diclet","avatar":"https://community-static.tradeup.com/news/22b26b05dd8a816680fb482d6dea085d","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":0,"idStr":"3577416981022063","authorIdStr":"3577416981022063"},"htmlText":"Good, create entry&nbsp;","listText":"Good, create entry&nbsp;","text":"Good, create entry","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979995817","repostId":2339947665,"repostType":2,"repost":{"id":"2339947665","pubTimestamp":1685425647,"share":"https://ttm.financial/m/news/2339947665?lang=&edition=fundamental","pubTime":"2023-05-30 13:47","market":"us","language":"en","title":"Cathie Wood Says Nvidia Too Expensive, Tesla to Benefit From AI Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=2339947665","media":"Investing.com","summary":"Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said o","content":"<html><head></head><body><p style=\"text-align: left;\">Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of the curve,” and that Tesla Inc (NASDAQ:TSLA) was positioned to benefit from recent breakthroughs in artificial intelligence.</p><p style=\"text-align: left;\">In a series of tweets, Wood balked at Nvidia’s target of a 25 times sales jump for 2023, and that other players would likely benefit more from a coming AI boom.</p><p style=\"text-align: left;\">Specifically, electric carmaker Tesla is the “most obvious” beneficiary of recent AI advancements, Wood said, citing the firm’s push towards autonomous driving technology.</p><p style=\"text-align: left;\">“In our view, $TSLA - at 6X revenues - is the most obvious beneficiary of the recent breakthroughs in #AI, as it aims for an $8-10 trillion revenue TAM in autonomous mobility by 2030,” Wood said in a Twitter thread.</p><p style=\"text-align: left;\">Wood’s comments come on the heels of a sharp rally in Nvidia shares over the past week, which made the firm the world’s most valuable chipmaker and on course to log a $1 trillion valuation.</p><p style=\"text-align: left;\">The rally was driven chiefly by stronger-than-expected first-quarter earnings, which Nvidia linked to increased interest in AI. The chipmaker also forecast strong sales and demand for the year, citing rapidly increasing interest in AI development. The rally brought Nvidia’s annual gains to about 167% for the year.</p><p style=\"text-align: left;\">Gains in Nvidia spilled over into most other chipmaking stocks, triggering sharp rallies in its Asian suppliers, specifically SK Hynix Inc (KS:000660), Advantest Corp (TYO:6857), and TSMC (TW:2330).</p><p style=\"text-align: left;\">According to the website Cathie’s Ark, which track’s the holdings of the funds managed by Wood under the Ark name, Wood holds a total of 325,062 shares in Nvidia as of May 26.</p><p style=\"text-align: left;\">The fund had dumped about 79,000 shares in February, and 65,000 shares last week. Wood’s total holdings in Nvidia are now worth about $127 million, based on Nvidia’s last close on Friday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Says Nvidia Too Expensive, Tesla to Benefit From AI Boom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Says Nvidia Too Expensive, Tesla to Benefit From AI Boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-30 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://in.investing.com/news/cathie-wood-says-nvidia-too-expensive-tesla-to-benefit-from-ai-boom-3664092><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of...</p>\n\n<a href=\"https://in.investing.com/news/cathie-wood-says-nvidia-too-expensive-tesla-to-benefit-from-ai-boom-3664092\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4527":"明星科技股","LU0320765059.SGD":"FTIF - 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Asia Absolute Alpha A Acc SGD","LU0823414478.USD":"法巴经典能源转换基金"},"source_url":"https://in.investing.com/news/cathie-wood-says-nvidia-too-expensive-tesla-to-benefit-from-ai-boom-3664092","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2339947665","content_text":"Investing.com -- Cathie Wood, manager of the ARK Innovation exchange-traded fund (NYSE:ARKK), said on late-Monday that recent stock market darling Nvidia Corporation (NASDAQ:NVDA) was priced “ahead of the curve,” and that Tesla Inc (NASDAQ:TSLA) was positioned to benefit from recent breakthroughs in artificial intelligence.In a series of tweets, Wood balked at Nvidia’s target of a 25 times sales jump for 2023, and that other players would likely benefit more from a coming AI boom.Specifically, electric carmaker Tesla is the “most obvious” beneficiary of recent AI advancements, Wood said, citing the firm’s push towards autonomous driving technology.“In our view, $TSLA - at 6X revenues - is the most obvious beneficiary of the recent breakthroughs in #AI, as it aims for an $8-10 trillion revenue TAM in autonomous mobility by 2030,” Wood said in a Twitter thread.Wood’s comments come on the heels of a sharp rally in Nvidia shares over the past week, which made the firm the world’s most valuable chipmaker and on course to log a $1 trillion valuation.The rally was driven chiefly by stronger-than-expected first-quarter earnings, which Nvidia linked to increased interest in AI. The chipmaker also forecast strong sales and demand for the year, citing rapidly increasing interest in AI development. The rally brought Nvidia’s annual gains to about 167% for the year.Gains in Nvidia spilled over into most other chipmaking stocks, triggering sharp rallies in its Asian suppliers, specifically SK Hynix Inc (KS:000660), Advantest Corp (TYO:6857), and TSMC (TW:2330).According to the website Cathie’s Ark, which track’s the holdings of the funds managed by Wood under the Ark name, Wood holds a total of 325,062 shares in Nvidia as of May 26.The fund had dumped about 79,000 shares in February, and 65,000 shares last week. Wood’s total holdings in Nvidia are now worth about $127 million, based on Nvidia’s last close on Friday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2339947665"}