Published on 28 May 2024 on etf.com via Yahoo Finance
Nvidia
ARK Invest CEO Cathie Wood said it would take a “significant price correction” for her to reinvest in Nvidia having sold out last January, ahead of a 160% surge in the chip maker's shares price.
Speaking at ETF Stream’s ETF Ecosystem Unwrapped 2024 event last week, Wood said Nvidia was a cyclical stock that could face a significant price reduction as inventory continues to build.