Cathie Wood is buying these 3 stocks
Cathie Wood, founder and CEO of Ark Invest, has been heavily involved in stock purchases in recent days. This week, she added new stocks in three growth stocks to her portfolio. Which stocks are they?
Advanced Micro Devices $AMD
Looking at AMD, it appears that despite the stock's current 4.36% decline in 2024, the company still represents an attractive investment opportunity. AMD stock has lost a quarter of its value since its February peak, even though its results for the most recent quarter beat expectations.
Although AMD's revenue growth has slowed after three years of growing at least 44% annually through 2022, the company showed a positive trend in the second half of last year. Data center revenue grew 115% year-over-year to $2.8 billion, which now accounts for nearly half of AMD's total revenue. Despite strong growth in this area, other segments - client, gaming and embedded - saw year-over-year declines.
Cathie Wood invested in AMD when the stock reacted positively to well-received…
I think Cathie's been really out of it lately. With $NTLA, I see absolutely nothing why anyone should buy it. I'd rather run.