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During the sharp drop of the US stock market, "Sister Wood" made a big move to seize the opportunity.
As the US stock market plunged on Monday, Cathie Wood's Ark Invest investment management company invested heavily in technology stocks, buying stocks of companies like Tesla, Amazon, Meta, and AMD. All six of Wood's ETFs, including ARKK, ARKQ, ARKW, ARKG, ARKF, and ARKX, traded that day. Ark Invest bought 12,426 shares of Tesla, which were worth about $2.5 million at the closing price of $198.88 per share. Tesla's stock price fell 4.23% that day. Ark Invest also purchased 176,963 shares of Amazon.
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Nvidia (NVDA.US)'s highly anticipated Blackwell had a poor start, but Wall Street is calling for a 'buy' on the dip.
The acceleration of product release speed has increased pressure. The company hopes to expand its advantage in the field of ai computing.
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On August 5th, Google lost in an antitrust lawsuit, ranking in the top 20 of US stock trading volume.
On Monday, Nvidia, which ranked first in the trading volume of U.S. stocks, fell by 6.36%, with a turnover of 54.05 billion U.S. dollars. Reports on Monday indicated that the company has postponed the release of its new AI chip. Due to design flaws, the artificial intelligence chip that Nvidia is about to release will be delayed for three months or more, which could affect the value of hundreds of billions of dollars worth of chips ordered by customers such as Meta, Google, and Microsoft. Last week, brokerage Elliott Management warned investors that large-cap technology stocks represented by Nvidia are in the 'bubble category'. The institution stated whether large technology companies will continue to order chips at a high volume.
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Express News | Shares of Some Semiconductor and Chip Stocks Are Trading Higher, Rebounding After This Morning's Selloff. Some Stocks in the Sector May Also Be Reacting to NVIDIA Reportedly Delaying Its Next AI Chips
Heard on the Street: Nvidia's Slip Makes a Splash -- WSJ
Express News | Advanced Micro Devices Shares Reverse Course, Last up 1.1%
US stock dynamics | AMD (AMD.US) rose and turned positive, falling over 8% at the beginning of the market.
As of press time, the stock rose by 0.23% to US$132.8.