Cathie Wood's ARKK Is Beating Big Tech Like It's 2020 Again — But With A Twist
Five years after the explosive rally that turned Cathie Wood‘s ARK Innovation ETF ARKK into a retail phenomenon, ARKK is once again outshining Big Tech — but the dynamics fueling this rally feel more grounded than the zero-rate, stimulus-fueled mania of 2020.
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Read MoreCathie Wood's ARK Invest Says Tesla Robotaxi Could Represent 90% Of TSLA's Value — Global Autonomous Taxi TAM Could Reach $10 Trillion By 2030
Investor Cathie Wood‘s firm ARK Invest released a new research paper outlining the autonomous ride-hailing sector’s growth in the U.S., as well as predicting Tesla Inc.‘s TSLA Robotaxi roadmap.
Tesla’s Production Advantage Over Rivals
The company’s Austin factory could produce enough units to surpass the entire ride-hail fleet in the city in approximately 9 days,
Sebi likely to introduce intraday limits for index options trading
Sebi plans to introduce an intraday limit in index options trade to prevent excessive positions by clients. This move follows a crackdown on high-frequency trading firms and aims to enhance oversight …
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Read MoreEthereum ETFs Lose $197 Million—Even Worse Than Bitcoin as Institutions Pull Back
Outflows from U.S. ETFs tracking Ethereum’s spot price hit $197 million on Monday—the second-highest figure ever for daily withdrawals.
The sell-offs come as the queue for unstaking ETH also surged to new records, with $3.9 billion worth of withdrawals now pending.
BRN Head of Research Timothy Misir warned both factors are “pressuring near-term sentiment.”
Read MoreStocks Struggle to Start Nvidia Week: Stock Market Today
Investors, traders and speculators stepped back after a furious rally triggered by Federal Reserve Chair Jerome Powell’s dovish speech at the Jackson Hole Economic Symposium.
With the direction of interest rates seemingly settled, attention has turned to the biggest stock ever by market capitalization and the most important company on the planet amid a still-expanding artificial intelligence revolution.
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Read MoreThe Burst
5 Reasons Buffett Bet Big On Fast Growth Stock
Snowflake (SNOW), a data warehouse built for the cloud, is a fully managed software service that offers a pay-as-you-go pricing model. Snowflake’s architecture handles all types of data, including structured, semi-structured, and unstructured data.
With the world rapidly changing to online data, Snowflake has been able to adapt to this change and provide its services through the internet.
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Read MoreThe Ivy
Market Commentary: 1 Tiny AI Stock Seals $100M Deal
Just when we thought Onto Innovation had shared all its good news for the quarter, the semiconductor equipment manufacturer dropped another bombshell. Onto has raked in new equipment orders to the tune of more than $100 million.
What’s the catalyst behind this financial windfall?
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