• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance

Cathie Wood sells $6 million of popular AI stock todayheadline

May 1, 2025
in Business & Finance
Reading Time: 3 mins read
A A
0
Cathie Wood unloads $11.8 million in two high-tech defense stocks
6
SHARES
12
VIEWS
Share on FacebookShare on Twitter


Cathie Wood, head of Ark Investment Management, frequently adjusts her top positions, adding to a holding when the stock falls and selling when it rises.

Last week, she made some notable purchases. This week, she sold a top AI stock as the markets began to recover from tariff-driven losses.

💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter 💰💵

Wood’s funds saw a short-lived boost after Donald Trump won the presidency last November, but the gains didn’t last. Her flagship fund, the Ark Innovation ETF  (ARKK) , is down roughly 11.75% year-to-date as of April 30, underperforming both the S&P 500 and Nasdaq, which are down 5.31% and 9.65%, respectively.

Wood’s remarkable 153% gain in 2020 helped build her reputation and attract loyal investors, but her long-term performance has made others skeptical of her aggressive style.

As of April 29, Ark Innovation ETF, with nearly $5 billion under management, has delivered an annualized three-year return of 3.02% and a five-year return of negative 1.39%.

The S&P 500 index, by contrast, has a three-year annualized return of 12.12% and a five-year return of 15.36%.

The Ark Innovation ETF has seen a net outflow of $2.31 billion over the past 12 months through April 29.

Image source: Getty Images / SOPA Images

Cathie Wood’s investment strategy explained

Wood’s investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics.

Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds’ values.

Related: Cathie Wood buys $3 million of Nvidia, AMD stock after tumble

The Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to a recent analysis by Morningstar’s analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott’s ranking.

Wood recently raised concerns about Trump’s tariffs and warned that if the tariff plan isn’t handled carefully, it could cause a bear market or recession. However, she’s hopeful that negotiations could ease tensions.

“Trump wants to be one of the greatest presidents ever… he’s not going to get there by throwing the economy into a recession and the stock market into a bear market,” she said.

Not all investors share Wood’s optimism. The Ark Innovation ETF has seen a net outflow of $2.31 billion over the past 12 months through April 29, with $55.44 million exiting in the last week alone, according to ETF research firm VettaFi.

Cathie Wood sells $8.8 million of Palantir stock 

On April 28, Wood’s Ark funds sold 53,532 shares of Palantir Technologies Inc.  (PLTR) , followed by another sale of 22,380 shares on April 30. The combined sales totaled roughly $8.8 million.

The purchase came as the artificial intelligence software company’s stock jumped 30% over seven straight trading days since April 22.

Palantir is known for providing AI-driven data analytics software to the U.S. government and military, as well as commercial clients. Its stock has gained eightfold over the past five years as investors rush to early adopters in the AI space.

In February, the company posted fourth-quarter results that surpassed Wall Street expectations, with revenue growing 36% year-over-year. It also provided strong guidance for 2025.

Following the last earnings, Palantir stock hit a closing peak of $124.62 on Feb. 18. Then, the stock pulled back, driven by budget cuts at its crucial client, the Pentagon, and a broad market sell-off.

Now, the stock is trading close to $120 again, driven by market corrections and recent defense contracts, including one with NATO.

Related: Analysts reset Palantir stock forecast amid rally

Investor optimism is also building ahead of its upcoming May 5 earnings report, and Wood probably wants to secure some gains before the results.

Investors will be eyeing business progress, updated guidance, and whether management is worried about a potential slowdown in federal defense spending.

Palantir is up 57% year-to-date. Still, the stock’s valuation remains elevated, raising concerns about the sustainability of its performance.

More Palantir

  • Analysts reset Palantir stock forecast amid rally
  • Venture capital leader has harsh words for Palantir
  • Musk may be teaming up with Palantir on important project

The company currently trades at 212.77x forward earnings — well above other software providers like Microsoft  (MSFT)  at 26.32x and Salesforce  (CRM)  at 24.04x.

Palantir is the second-biggest holding in Wood’s Ark Innovation ETF, making up 8% of the fund and valued at roughly $421 million.

Related: Veteran fund manager unveils eye-popping S&P 500 forecast

Tags: CathiemillionpopularsellsStocktodayheadlineWood
Previous Post

Greenlight Capital outperforms S&P 500 with 3.4% April gain todayheadline

Next Post

2026 March Madness men’s field predictions todayheadline

Related Posts

ET logo

Virat Kohli is at his happiest now: RCB coach Dinesh Karthik opens up about star batter’s Test retirement todayheadline

May 23, 2025
0
Woman counting money while sitting at a table.

Building a Passive Income Stream: 3 Top Dividend ETFs for Long-Term Returns todayheadline

May 23, 2025
6
Next Post

2026 March Madness men's field predictions todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
ET logo

Virat Kohli is at his happiest now: RCB coach Dinesh Karthik opens up about star batter’s Test retirement todayheadline

May 23, 2025

Ear Stimulation Shows Promise for Knee Pain Relief todayheadline

May 23, 2025
jacob Shaw

NASA Videographer Wins Top Award for Capturing Human Side of Science

May 23, 2025
older person walking

Timing and consistency of activity linked to better fitness in older adults

May 23, 2025

Recent News

ET logo

Virat Kohli is at his happiest now: RCB coach Dinesh Karthik opens up about star batter’s Test retirement todayheadline

May 23, 2025
0

Ear Stimulation Shows Promise for Knee Pain Relief todayheadline

May 23, 2025
3
jacob Shaw

NASA Videographer Wins Top Award for Capturing Human Side of Science

May 23, 2025
2
older person walking

Timing and consistency of activity linked to better fitness in older adults

May 23, 2025
3

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

ET logo

Virat Kohli is at his happiest now: RCB coach Dinesh Karthik opens up about star batter’s Test retirement todayheadline

May 23, 2025

Ear Stimulation Shows Promise for Knee Pain Relief todayheadline

May 23, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co