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Cathie Wood Buys Dip: Nvidia, Tesla, SpaceX Stocks Fall
11 Aug
Summary
- Ark Invest bought nearly $40 million in Nvidia, Tesla, and SpaceX shares.
- Nvidia's revenue grew 85% year-over-year, projected for 95% growth.
- Tesla's EPS dropped 18%, while SpaceX remains unprofitable despite growth.
On July 28, 2026, Ark Investment Management, led by Cathie Wood, invested almost $40 million in Nvidia, Tesla, and SpaceX, acquiring shares as they declined. Nvidia's performance remains robust, with fiscal year 2027 Q1 revenue of $81.6 billion, an 85% increase. Projections for the upcoming quarter suggest nearly 95% year-over-year revenue growth. The company trades at a reasonable valuation given its earnings growth.
Tesla reported second-quarter revenue up 26% to $28.2 billion, but adjusted EPS fell 18%. While deliveries exceeded expectations, its stock trades at a high multiple, with future success hinged on its robotaxi market entry, a venture still facing significant uncertainty.
SpaceX, a leader in space travel and internet, saw second-quarter revenue climb 92% to $7.8 billion, with a reduced net loss. Despite these improvements, the company remains unprofitable and commands a high price-to-sales ratio, indicating investor anticipation of its ambitious long-term vision, which carries substantial risk.
Ark Invest's strategy focuses on companies pioneering transformative industries like AI, electric vehicles, and space exploration. While Nvidia appears to be a solid buy, Tesla and SpaceX present higher risks due to market expectations and ongoing uncertainties, though they may attract patient investors.
