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Cathie Wood Admits In A Deleted Post That She Had No Idea The Market Would Reward NVIDIA So Overwhelmingly

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Cathie Wood NVIDIA ARK Invest ARK Innovation Fund ETF ARKK

Back in 2022, the star portfolio manager of ARK Invest, Cathie Wood, had ruffled feathers by boldly declaring that her flagship ARK Innovation ETF (ARKK) will record a 50 percent CAGR over the next 5 years. Fast forward to 2024, and ARKK is down by around 5 percent so far this year, constituting a monumental deviation relative to Cathie Wood's tall claims. The reason behind this divergence: the absence of NVIDIA. The above snippet details the top holdings of ARK Innovation Fund ETF. The absence of NVIDIA in this portfolio has acted as a phenomenal drag on the ETF's recent […]

Read full article at https://wccftech.com/cathie-wood-admits-in-a-deleted-post-that-she-had-no-idea-the-market-would-reward-nvidia-so-overwhelmingly/

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