Nvidia Stock Sold By Cathie Wood Ahead of Earnings, Buys More Zoom Shares

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The investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.

Cathie Wood’s ARK Invest scooped up more than $8 million worth of Zoom Video Communications stock and sold shares in Nvidia ahead of the chip maker’s hotly anticipated earnings.

Nvidia stock fell 2.7% Tuesday but is up close to 12% over the past seven trading sessions as expectation has built toward its earnings, which come after the close Wednesday.

 

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Nvidia's stock looks to snap losing streak as earnings optimism buildsNvidia Corp.'s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the upcoming report.
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This chip stock could yield a quick profit, depending on Nvidia's earnings, Morgan Stanley saysHow well Nvidia performs Wednesday could have implications for this derivative play, according to Morgan Stanley.
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Nvidia’s stock snaps losing streak and sits 1% below record close as earnings optimism buildsNvidia Corp.'s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the company's report.
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Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earningsAsian markets are trading mixed ahead of Fed Chair Jerome Powell’s highly anticipated speech later in the week.
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