Cathie Wood's Ark Invest Is Selling Tesla and Nvidia, and Buying 2 Artificial Intelligence (AI) Growth Stocks
Cathie Wood's Ark Invest sold shares of and Nvidia throughout the third quarter. The innovation-focused asset management firm still has sizable positions in both companies, but with Tesla stock up 80% and Nvidia stock up 210% year to date, Ark presumably wanted to rebalance its portfolio.
In any case, the firm redeployed some capital across two other artificial intelligence (AI) stocks: Palantir Technologies (NYSE: PLTR) and Cloudflare (NYSE: NET). The former now accounts for 1.3% of its invested assets, and the latter accounts for 0.2% of its invested assets.
Read on to learn more about these AI growth stocks.
Source Fool.com
Tesla Inc Stock
€199.80
-1.700%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a positive potential of 20.12% compared to the current price of 199.8 € for Tesla Inc.
