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Cathie Wood Bets Big on Nvidia's AI Future
27 Nov
Summary
- Cathie Wood's fund increased its Nvidia stake significantly.
- Nvidia's latest AI chips, Blackwell, show 'off the charts' sales.
- Major tech companies report high demand for AI compute.
Nvidia continues to impress with record revenue and profit, driven by its leading position in the AI chip market. The company's most powerful AI products are in high demand, consistently attracting customers aiming for AI supremacy.
Following a recent blowout earnings report, investor Cathie Wood, known for her focus on innovation through Ark Invest, significantly expanded her stake in Nvidia. Her flagship Ark Innovation ETF added over 93,000 shares, reflecting confidence in the company's long-term prospects despite market fluctuations.
This strategic move is underpinned by strong indicators of sustained growth. Nvidia's CEO noted "off the charts" sales for its new Blackwell platform, and major clients like Alphabet and Amazon are reporting substantial customer demand for compute power, reinforcing Nvidia's future growth trajectory.
