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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia Stock Sold By Cathie Wood Ahead of Earnings, Buys More Zoom SharesThe 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.
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: MarketWatch - 🏆 3. / 97 Read more »