Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Cathie Wood Sells Into Nvidia Frenzy Again, Cuts TSMC Stake
Finance

Cathie Wood Sells Into Nvidia Frenzy Again, Cuts TSMC Stake

February 26, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cathie Wood Sells Into Nvidia Frenzy Again, Cuts TSMC Stake
Share
Facebook Twitter LinkedIn Pinterest Email

(Bloomberg) — Cathie Wooden bought shares of Taiwan Semiconductor Manufacturing Corp. for the primary time in additional than two years, including to strikes to chop publicity within the chipmaker’s key buyer Nvidia Corp.

Most Learn from Bloomberg

Ark Autonomous Know-how and Robotics ETF bought 8,599 American depositary receipts of Taiwan’s largest firm Friday in its first sale of the inventory for the reason that finish of 2021, Ark Funding Administration LLC information compiled by Bloomberg present. The identical ETF bought 2,362 shares of Nvidia the identical day.

Wooden is trimming her holdings within the world chip bellwethers at a time synthetic intelligence frenzy intensifies, with Nvidia’s stellar earnings powering world markets to new heights. Nvidia is up 59% year-to-date and TSMC’s ADRs have soared 25%.

Ark funds had bought shares of TSMC a number of instances in 2023, and nonetheless collectively maintain about 221,848 shares within the firm, in response to information compiled by Bloomberg.

Wooden was one of the crucial distinguished voices predicting AI could be a game-changer. Regardless of that, she bought Nvidia shares all through final yr, betting on progress potential in less-talked-about software program firms akin to UiPath Inc. and Twilio Inc.

The autonomous ETF, which focuses on firms related to industrial innovation, has missed out on the rally that has given Nvidia a close to $2 trillion valuation, surpassing Amazon.com Inc. and Alphabet Inc. Each TSMC and Nvidia have dropped out of the fund’s prime 10 holdings.

(Updates with context on holdings in fourth and sixth paragraphs.)

Most Learn from Bloomberg Businessweek

©2024 Bloomberg L.P.

Source link

Cathie cuts Frenzy Nvidia sells stake TSMC Wood
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SharpLink Announcement Breathes New Life Into Ether ETFs

May 30, 2025

Broadridge Partners with Novisto to Launch Advanced Sustainability Reporting Platform

May 30, 2025

U.S.-China talks ‘stalled’ and need Trump and Xi to weigh in, Bessent says

May 30, 2025

Taiwan Semiconductor Manufacturing Company Limited (TSM) Slid due to Broader Market Correction

May 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Kim Kardashian’s New Security Secrets Revealed

May 30, 2025

Fin Min suggests RBI to exclude small-ticket borrowers from draft gold loan norms, rollout from Jan 1

May 30, 2025

Perplexity unveils Labs, a new tool for creating web apps, spreadsheets, and dashboards | Technology News

May 30, 2025

SharpLink Announcement Breathes New Life Into Ether ETFs

May 30, 2025
Popular Post

iPhone Default Settings That Put Your Data at Risk

National Herald case: Karnataka Cong president D K Shivakumar, MP D K Suresh summoned by ED

‘There’s barely any privacy’: Soha Ali Khan on parenting under the spotlight, not exchanging notes with brother Saif, and juggling responsibilities | Lifestyle News

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.