Ark Funds

The sports betting market was shocked with the announcement that PENN Entertainment Inc (NASDAQ: PENN) entered into a 10-year licensing deal with Walt Disney Co (NYSE: DIS) to launch the ESPN Bet platform later this year. Analysts were mixed with the impact on Penn Entertainment...

One of the biggest headlines of 2022 was the acquisition of the social media platform Twitter for $44 billion by Elon Musk. Since the acquisition, the valuation of Twitter has been cut by several investors. One of those investors has raised the valuation of the platform for two straight months....

The Nasdaq 100 Index went through a special rebalancing recently due to several holdings seeing their weightings soar in 2023 alongside jumps in share prices. A portfolio manager from Ark Funds breaks down what the rebalancing could mean. What Happened: The Nasdaq 100 Index, which is tracked by the...

Leading cryptocurrency Bitcoin (CRYPTO: BTC) has rallied in 2023, up over 80% year-to-date. There could be more upside for Bitcoin in the coming months with several Bitcoin ETFs filed for approval, including one from Cathie Wood’s Ark Funds. What Happened: Ark Invest CEO Cathie Wood is among...

One of the biggest public listings of all time happened when Coinbase Global (NASDAQ: COIN) went public via a direct listing in April 2021. The public company gave investors another way to gain exposure to the cryptocurrency sector without owning a crypto wallet or physical crypto. Here’s a...

One of the most notable exchange-traded fund families may have sold shares of Nvidia Corporation (NASDAQ: NVDA) early. The Ark Funds ETFs have continued selling Nvidia shares since the company reported first-quarter financial results. Here’s a look at the current stakes held by Ark Funds...

Social media platform Twitter was among the biggest storylines of 2022 with Tesla CEO Elon Musk spending $44 billion to acquire the company. The valuation of Twitter has been lowered by one of the investors in the deal. What Happened: Musk spent $44 billion in the acquisition of Twitter, a...

One of the most recognizable investing names of the last decade is Ark Funds CEO Cathie Wood. With an eye on high-growth stocks and innovation, the Ark Funds outperformed the market for years during times of peak performance for the leading indexes. While the Ark Funds struggled in 2022 in the...

Cathie Wood-led ARK Investment Management bought over 140,000 shares of Robinhood Markets Inc (NASDAQ:HOOD) at an estimated valuation of over $1.2 million based on Monday's closing price. The purchase was done via the ARK Fintech Innovation ETF (NYSE:ARKF). ARK appears to have used the dip in...

Over the last several years, Ark Invest CEO Cathie Wood has been one of the biggest bulls on electric vehicle company Tesla Inc (NASDAQ: TSLA). Here’s a look at how much an investment in Tesla could be worth in the next three years if it hits Wood’s latest price target. What Happened:...

The price of Bitcoin (CRYPTO: BTC) has rallied in 2023, making it one of the best-performing assets so far this year. Bitcoin crossed the $30,000 mark on Monday for the first time since June 2022. Ark Invest CEO Cathie Wood is among the financial experts who see more upside coming for the...

Over the years, Ark Invest CEO Cathie Wood has been a vocal supporter of the cryptocurrency sector. Ark Invest has included several crypto-friendly companies among big ETF holdings. The company is rolling out new crypto investment funds, but they might not be readily available to everyone....

Connected television and streaming company Roku Inc (NASDAQ: ROKU) has been a favorite stock pick of Cathie Wood and the Ark Invest team. Benzinga heard more on the thesis of Roku being a leading player in the space from Ark portfolio manager Nick Grous in an exclusive interview. What Happened: Ark...

One of the big ideas for Ark Invest is the continuation of video games having end-to-end virtual entertainment. Gaming fits into the ETF management company’s thesis that time spent on games and digital goods could continue. Here are the two gaming-related companies that are owned by Ark...

The use cases for artificial intelligence continue to rise, with ChatGPT among the most-discussed topics at the start of 2023. One area that could use AI is sports with use cases for sports betting, fan engagement and more. Here’s what one Ark Invest portfolio manager told Benzinga. What...