Latest / Raleigh News Today | 2 Min News | The Daily News Now!
Cathie Wood Sells Palantir After Earnings Surge | Raleigh News
Cathie Wood’s latest move—selling her Palantir stake—comes hot on the heels of the AI software giant’s strong earnings beat, which lifted its stock and boosted CEO confidence for the next 18 months. Wood, ever the contrarian, sees tech innovation as a deflationary force already priced into bonds, predicting a future of falling rates, lower inflation, and explosive growth for AI-driven stocks. While her volatile Ark Innovation ETF has struggled in downturns and lost significant assets this year, Palantir’s booming commercial business and revised revenue outlook have silenced skeptics—even if…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.