Reported 1 day ago
Cathie Wood, the CEO of Ark Invest, has recently increased her investments in three companies: Amazon, Ibotta, and Teradyne. Despite some struggles in the market, Amazon continues to see strong sales growth and is expanding its AI capabilities. Ibotta, despite a rocky IPO, has a solid cash-back rewards model appealing in various economic climates, although its growth has slowed significantly. Teradyne, a maker of chip-testing equipment, is showing signs of recovery with positive quarterly gains, prompting Wood to take advantage of its decreased stock value.
Source: YAHOO