Cathie Wood Just Bet $46 Million on a Newly Public AI Chip Stock. Should You Follow Her?
ARK Investment Management came out swinging last week, scooping up shares of one of the year’s most hyped artificial intelligence (AI) initial public offerings. According to its trading disclosures published Friday, Cathie Wood’s firm bought 149,176 shares of newly public Cerebras Systems (CBRS +2.35%) for roughly $46.4 million through its ARK Innovation and ARK Next Generation Internet exchange-traded funds.
Read MoreDollar at six-week high on rate-hike bets, Iran war uncertainty
By Ankur Banerjee
SINGAPORE, May 20 (Reuters) – The U.S. dollar was steady near a six-week high on Wednesday as investors come to terms with the possible need for higher interest rates to tackle inflation due to the Iran war, pushing the Japanese yen back into the intervention zone.
The uncertainty over when the Middle East war may end has weighed on sentiment,
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Read MoreWarren Buffett's Berkshire trims stake in 147-year-old oil stock
Warren Buffett has spent decades doing one thing better than almost anyone on Wall Street.
He buys when everyone else is nervous. And he sells when the crowd is most excited.
That playbook appears to have driven Berkshire Hathaway’s latest move in one of its most high-profile energy positions.
» Read more about: Warren Buffett's Berkshire trims stake in 147-year-old oil stock »
Read MoreHelix Energy Solutions Group (HLX) Valuation Check After Strong Year To Date Share Price Momentum
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How Helix Energy Solutions Group stock has been performing
Helix Energy Solutions Group (HLX) has drawn attention after a period of solid share price momentum,
Jim Cramer on Axon: “I Still Think That This Market Does Not Like High Multiple Stocks”
Axon Enterprise, Inc. (NASDAQ:AXON) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. When a caller mentioned that they bought stock first back in 2015 when the shares were at $34 on Cramer’s recommendation,
Read MoreThe Burst
Palantir’s Run Feels Unstoppable, But for How Long?
Palantir Technologies (NYSE: PLTR), the data analytics powerhouse, has been one of Wall Street’s most explosive success stories. Since its direct listing in late 2020 at $10 a share, the stock has soared by almost 18-fold gain. Over that same stretch, the S&P 500 hasn’t even doubled.
That kind of outperformance doesn’t happen by accident.
» Read more about: Palantir’s Run Feels Unstoppable, But for How Long? »
Read MoreThe Ivy
Is Micron’s AI Gold Rush a Perfect Storm?
Micron Technology soared by more than 42.98% over the last 30 days, a jaw-dropping rally even by tech’s feverish standards. The reason? Artificial intelligence and specifically, the voracious appetite for memory chips powering the world’s new AI data centers.
But beneath the surface of the AI euphoria, do the fundamentals justify the soaring share price?
» Read more about: Is Micron’s AI Gold Rush a Perfect Storm? »
Read MoreThe Spotlight
Brinker Just Flashed Classic Reversal Signal, Time to Take a Bite?
After weeks of sluggish price action, Brinker International (NYSE: EAT) is starting to show signs that the bulls are back in the kitchen.
On March 25th, EAT delivered a textbook technical setup that a technical trader could only but describe as a “character change.”
The stock filled a prior gap from early March,
» Read more about: Brinker Just Flashed Classic Reversal Signal, Time to Take a Bite? »