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BaBiBu
2022-09-04
A little set back won't deter nvidia's long term prospect. C.W is an investor not a trader, in ten years time she will be the one smiling.
Cathie Wood's Ark Invest Loads Up On Nvidia For 2nd Day Amid Stock Plunge: Analysts React
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C.W is an investor not a trader, in ten years time she will be the one smiling.","listText":"A little set back won't deter nvidia's long term prospect. C.W is an investor not a trader, in ten years time she will be the one smiling.","text":"A little set back won't deter nvidia's long term prospect. C.W is an investor not a trader, in ten years time she will be the one smiling.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9933893151","repostId":"1137630371","repostType":2,"repost":{"id":"1137630371","pubTimestamp":1662251352,"share":"https://ttm.financial/m/news/1137630371?lang=&edition=fundamental","pubTime":"2022-09-04 08:29","market":"us","language":"en","title":"Cathie Wood's Ark Invest Loads Up On Nvidia For 2nd Day Amid Stock Plunge: Analysts React","url":"https://stock-news.laohu8.com/highlight/detail?id=1137630371","media":"Benzinga","summary":"ZINGER KEY POINTSNvidia continued to be sold off on the U.S. move to restrict chip sales to China.Se","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>Nvidia continued to be sold off on the U.S. move to restrict chip sales to China.</li><li>Sell-side is divided over how Nvidia will navigate through the challenge.</li></ul><p><b>Nvidia Corporation</b> shares lost about 10% over the final two sessions of the trading week following the U.S. move to restrict chip sales to China.</p><p><b>Ark Stands By Nvidia:</b> Undeterred by the weakness, <b>Cathie Wood</b> continued to bulk up on the stock on Thursday and Friday. The fund manager’s <b>Ark Invest</b> bought 21,026 shares of Nvidia, valued at over $2.9 million, on Friday, a daily trade disclosure showed.</p><p>The purchases were effected through the <b>ARK Autonomous Technology & Robotics ETF</b> and <b>ARK Next Generation Internet ETF</b>.</p><p>On Thursday, the firm spent about $41.5 million on Nvidia, and bought 297,8181 shares in the process.</p><p><b>Analysts Mixed On Nvidia’s Future</b> The China ban could be an overhang on Nvidia in the near term. Sell-side analysts are mixed about the GPU chip maker’s fundamentals.</p><p>“Nvidia will be fine. Their chips and technology are that good,” co-founder and CEO of <b>Gerber Kawasaki</b> Wealth and Investment Management said recently.</p><p>He is of the view the negativity is overdone and that the company has “crucially important” products.</p><p>Needham analyst <b>Rajvindra Gill</b> said he sees the government’s stance presenting significant headwinds to Nvidia’s business. 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The fund manager’s Ark Invest bought 21,026 shares of Nvidia, valued at over $2.9 million, on Friday, a daily trade disclosure showed.The purchases were effected through the ARK Autonomous Technology & Robotics ETF and ARK Next Generation Internet ETF.On Thursday, the firm spent about $41.5 million on Nvidia, and bought 297,8181 shares in the process.Analysts Mixed On Nvidia’s Future The China ban could be an overhang on Nvidia in the near term. Sell-side analysts are mixed about the GPU chip maker’s fundamentals.“Nvidia will be fine. Their chips and technology are that good,” co-founder and CEO of Gerber Kawasaki Wealth and Investment Management said recently.He is of the view the negativity is overdone and that the company has “crucially important” products.Needham analyst Rajvindra Gill said he sees the government’s stance presenting significant headwinds to Nvidia’s business. 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