Every time I feel bad about missing some gains, I remember Cathie Wood selling NVDA for $14 back in 2023.
* **Late 2022 to Early 2023**: ARK Invest drastically cut its Nvidia position. The most significant portion of the sell-off occurred around November 2022, when the stock was trading in the $130–$140 range.
* **January 2023**: ARK completely sold its remaining Nvidia stock in its flagship ARK Innovation ETF (ARKK).
* **March 2024**: Cathie Wood publicly defended the decision to sell, calling Nvidia "a massive bubble" and citing the chip industry's cyclical nature. She stated that she had shifted ARK's portfolio into other "higher conviction" AI plays.
Don't feel bad for some random guy on the internet, Cathie Wood sold NVDA at a loss (Bought for $184 and sold for like $138), all pre 10:1 split, she fucking sold at $13.80
* **Late 2022 to Early 2023**: ARK Invest drastically cut its Nvidia position. The most significant portion of the sell-off occurred around November 2022, when the stock was trading in the $130–$140 range.
* **January 2023**: ARK completely sold its remaining Nvidia stock in its flagship ARK Innovation ETF (ARKK).
* **March 2024**: Cathie Wood publicly defended the decision to sell, calling Nvidia "a massive bubble" and citing the chip industry's cyclical nature. She stated that she had shifted ARK's portfolio into other "higher conviction" AI plays.
318 P/E for TSLA? How does a stock with that market cap remain speculative lmao.
It's gotta be a back room circle jerk with black rock, ARKK, etc. right?