Latest / Durham News Today | 2 Min News | The Daily News Now!
Cathie Wood Trims Snowflake Amid AI Surge | Durham News
Cathie Wood is trimming her Snowflake stake amid a 10% stock surge ahead of earnings, as Ark Innovation ETF struggles with an 8% annual drop—while the S&P 500 soars. Despite past rollercoaster returns, Wood stays bullish on AI’s deflationary power, citing productivity gains and flattening yields. Her recent moves include buying CoreWeave and Circle, while selling Shopify—highlighting her disciplined profit-taking. Snowflake’s strong Q1 results and AI-driven growth outlook fuel optimism, suggesting investors may be missing its AI potential. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.