Cathie Wood is a big boss in money world. She had some of her important money team sell shares (or parts) in a company called Zoom Video. Zoom Video helps people talk to each other on computer and phone. It became very popular when everyone was staying at home because of virus. But now, people don't need to talk on Zoom Video as much, so the money team sold it. Cathie Wood also made her money team sell shares in Nvidia, another company. Nvidia makes computer chips that help run video games and other things on computer and phone. After selling those shares, Nvidia's value went up. Some people remember what Cathie Wood's money team did and think she should have bought more shares in Nvidia. Read from source...

Wood, who has been very vocal about her investment strategy and proclivities for emerging and disruptive technologies, showed her hand again when it comes to Zoom Video shares, notes AI's AI. Notably, she appears to have given up on the once high-flying stock that helped her flagship Ark Innovation ETF (ARKK) skyrocket during the pandemic. As a result, ARKK recently sold its entire stake in the video-conferencing company, after owning a whopping 11% of the ETF's portfolio weighting. The decision to ditch Zoom is interesting given that it was a key holding in ARKK, and a major contributor to the fund's success in 2020. However, since then, the stock has underperformed, leading some to question Cathie Wood's investment style, and whether she is more style than substance. Interestingly, this is not the first time that Wood has been criticized for her investment decisions. Back in February 2022, CNBC's Jim Cramer called out her purchases and investment style, stating that she seemed to be buying stocks like someone who had just started investing. Nonetheless, Wood's ARK has continued to post strong returns, and she remains one of the most influential investors on the scene today.

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ARK Invest's flagship fund, the Ark Innovation ETF (ARKK), recently sold its entire stake in Zoom Video shares, according to Benzinga. At one point, Zoom accounted for around 11% of the ETF's portfolio weighting. However, following the video conferencing company's quarterly results, traders bid up the stock, with Zoom shares climbing nearly 13% on Thursday. Despite this, ARKK deemed it fit to divest its entire stake in the company. Ark now holds a mere 194 shares of Zoom Video through its ARK Next Generation Internet ETF (ARKW). The decision to sell Zoom Video shares comes after Ark's decision to shed all of its Nvidia Corp. shares earlier this year, just before the stock began a stratospheric climb. Investors should be aware of the risks involved with investing in ARK's flagship fund, which has seen significant volatility in recent months. Nonetheless, ARK has continued to outperform the broader market and remains an attractive investment opportunity for those looking to capitalize on the growth potential of disruptive technologies.

bearish

Source: https://www.benzinga.com/news/2024/08/23/8-ARK-SELLS-ZOOM-VIDEO-COMMUNICATIONS-STOCK/

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