CoreWeave Just Crashed 45% and Cathie Wood Is Buying — Should You?
This article first appeared on GuruFocus.
Ark Invest boosted its exposure to CoreWeave (NASDAQ:CRWV) on Monday, stepping in after the AI-infrastructure provider’s shares retreated sharply over the past month.
The bulk of the buying occurred in the ARK Innovation ETF (ARKK),
» Read more about: CoreWeave Just Crashed 45% and Cathie Wood Is Buying — Should You? »
Read MoreCathie Wood Predicts Crypto Liquidity Crunch Will Reverse Within Weeks
ARK Invest CEO Cathie Wood forecasts the liquidity squeeze hitting crypto and AI markets will reverse within weeks, driven by three Federal Reserve policy shifts expected before year-end.
Her firm continues aggressively buying crypto equities during the downturn, deploying over $93 million in a single day this week across beaten-down digital asset stocks.
» Read more about: Cathie Wood Predicts Crypto Liquidity Crunch Will Reverse Within Weeks »
Read MoreBudget will ‘delay a cut to interest rates and risks pushing up inflation’ piling further misery on to households
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Social Security Plan Would Expand Benefits For Millions of Americans
A proposal has been introduced in Congress that would increase Social Security survivors benefits for widowed individuals and surviving divorced spouses.
Why It Matters
Survivor benefits are currently paid to around 5.8 million Americans nationwide, with nearly 4 million of those being widowed.
Under current law, certain survivors of Social Security claimants can get related benefits at any age providing they meet certain rules—however,
» Read more about: Social Security Plan Would Expand Benefits For Millions of Americans »
Read MoreWall Street Continues to Underestimate the Growth of Magnificent Seven Companies. Here's Why.
Key Takeaways
- The Magnificent Seven’s earnings growth accelerated in the third quarter, when analysts yet again underestimated Big Tech’s potential.
- AI investments are expected to support growth, especially for chipmaker Nvidia, but growing concern about an AI bubble could temper the market’s appetite for more AI spending.
The Burst
Is Bitcoin About To Soar?
The crypto hype seems to be long in the distant past, eclipsed by buzz over artificial intelligence and machine learning.
But perhaps the nail is not yet in the coffin of the most high profile of all the cryptocurrencies, bitcoin. Recently, some well-known traders have been announcing their entry in the digital coin,
» Read more about: Is Bitcoin About To Soar? »
Read MoreThe Ivy
Billionaire’s Warning to Wall Street
Recently, billionaire David Tepper went on CNBC to declare that the moves by China’s equivalent of the Federal Reserve to stimulate their economy amounted to a “buy everything” call.
Similar to how we stated “buy everything” in US markets back in 2010 when the Federal Reserve announced their commitment to do whatever it took to stimulate the US economy,
» Read more about: Billionaire’s Warning to Wall Street »
Read MoreThe Spotlight
1 Semiconductor Stock Set To BLAST Higher?
It’s no secret that the market has been struggling over recent quarters. During downtrends, savvy investors search for companies with great potential on sale. One company that might fit the bill is Cohu. As you’ll see, it has compelling financial metrics and some serious upside potential.
Cohu Is Critical to Chip Manufacturers
» Read more about: 1 Semiconductor Stock Set To BLAST Higher? »