Cathie Wood Says Nvidia Performance Exceptional But Forecasts 'Short-Term Indigestion' For Company's Business As Customers Reassess AI Strategies
Cathie Wood Says Nvidia Performance Exceptional But Forecasts 'Short-Term Indigestion' For Company's Business As Customers Reassess AI Strategies
In a recent investor letter, Cathie Wood, the CEO of ARK Invest, emphasized the pivotal role of NVIDIA Corp (NASDAQ:NVDA) in the company's performance, despite short-term challenges.
在最近一封投資人信中，交銀國際基金首席執行官Cathie Wood強調了NVIDIA Corp（納斯達克代碼：NVDA）在公司業績中發揮的關鍵作用，儘管存在短期挑戰。
What Happened: Wood, in her letter to investors, underscored Nvidia's significant contribution to ARK's performance since its inception in October 2014. She identified Nvidia as a crucial player in the AI space. "Early on, we identified Nvidia as the premier "picks and shovels" play in the AI space, Wood wrote.
發生了什麼：Wood在致投資者的信中強調了自2014年10月成立以來，Nvidia對ARK業績的顯著貢獻，並將Nvidia視爲人工智能領域的關鍵參與者。Wood寫道：“早期，我們將Nvidia確定爲人工智能領域的premier'選股工具'。”
Despite the recent market volatility, ARK's ARK Next Generation Internet ETF (NYSE:ARKW) continues to have exposure to Nvidia, with a 1.39% weight as of Jun 28.
儘管最近市場波動，ARK的 下一代互聯網ETF（紐交所代碼：ARKW）仍然可以暴露於Nvidia，截至6月28日，其權重爲1.39％。
Wood acknowledged the impact of OpenAI's "ChatGPT moment" on Nvidia, which coincided with the Federal Reserve's substantial interest rate hike. This led to a surge in investor interest in Nvidia and other cash-rich stocks, prompting ARK to seek diversified exposure to the AI revolution.
Wood承認了OpenAI的“ChatGPt moment”對Nvidia的影響，這與聯邦儲備利率大幅上漲相吻合。這導致投資者對Nvidia以及其他現金豐富的股票產生了極大的興趣，促使ARK尋求對人工智能革命的多元化曝光。
She also noted that the weak macro environment and long-term corporate strategic decision-making have posed challenges for software companies. Despite this, Wood remains bullish on AI investments, viewing AI as a foundational innovation platform that will drive value creation for many technologies and new companies.
她還指出，疲軟的宏觀環境和長期企業戰略制定對軟件公司構成了挑戰。儘管如此，Wood對人工智能投資仍持看好態度，認爲人工智能是一種基礎創新平台，將推動許多技術和新公司的價值創造。
"Given high and perhaps unfulfilled short-term expectations, customers are likely to reassess their AI strategies, causing Nvidia's business some short-term indigestion," wrote Wood.
Wood寫道：“考慮到高企、或許尚未實現的短期期望，客戶可能會重新評估其人工智能戰略，給Nvidia的業務帶來一些短期的難以消化的困境。”
Why It Matters: This letter comes after ARK Invest made significant trades in Nvidia amid considerable market volatility. In late June, the firm's ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) sold 33,834 Nvidia shares, valued at $4.3 million. This was part of a series of transactions carried out by ARK's various ETFs.
爲止這封信是在ARK Invest在巨大的市場波動中進行重要的Nvidia交易之後發出的。在6月末，該公司的ARK自主技術與機器人ETF（BATS：ARKQ）賣出了33,834股Nvidia股票，價值430萬美元。這是ARK各種ETF所進行的一系列交易的一部分。
Despite these adjustments, Wood remains confident in ARK's AI investments, emphasizing the firm's continued exposure to emerging tech players. She initially invested in Nvidia in 2014 when the stock was approximately $4 per share, adjusted for splits.
儘管進行了這些調整，Wood仍對ARK的人工智能投資充滿信心，並強調公司對新興技術公司的持續曝光。她最初在2014年以每股約4美元的價格（調整後）投資了Nvidia。
Meanwhile, Nvidia's sky-high valuation has given some investors pause, with experts warning of a potential reevaluation. Despite this, Nvidia's performance has been exceptional, with the stock being the fifth largest contributor to ARK's ARKK performance.
與此同時，Nvidia的高估值使一些投資者感到擔憂，專家警告可能會進行重新評估。儘管如此，Nvidia的業績非常出色，該股票是ARK股票倉位中第五大貢獻者。
Price Action: Nvidia Corp closed at $134.91 on Wednesday, up 2.69% for the day. In after-hours trading, the stock rose 0.51%. Year to date, Nvidia has shown impressive growth, surging by $86.74 or 180.07%, according to data from Benzinga Pro.
股價走勢：Nvidia公司於週三收於134.91美元，當日上漲2.69％，盤後交易中，該股上漲0.51％。截至目前，Nvidia今年迄今爲止表現出色，根據Benzinga Pro的數據，漲幅已達86.74美元或180.07％。
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Photo via Ark Invest
照片來自Ark Invest
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本報道使用Benzinga Neuro生成，並由Kaustubh Bagalkote