Previous Close | 3.7500 |
Open | 3.2500 |
Bid | 3.3000 |
Ask | 3.4500 |
Strike | 46.00 |
Expire Date | 2025-01-17 |
Day's Range | 3.2500 - 3.2500 |
Contract Range | N/A |
Volume | |
Open Interest | 4.04k |
Ark Invest CEO Cathie Wood has bought into the dip, adding positions in Amazon (AMZN), Tesla (TSLA), and Tempus AI (TEM) across the invest firm's ETF portfolios. In addition, Ark Invest added positions on Reddit (RDDT) and Meta Platforms (META) to its fintech fund. Catalyst Anchors Madison Mills and Seana Smith break down the latest developments around Cathie Wood's "buy the dip" approach amid market volatility. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Tesla (TSLA) has reported mixed second-quarter earnings, missing adjusted earnings expectations but beating revenue forecasts. Brett Winton, Ark Investment Management (ARKK) chief futurist joins Asking for a Trend to discuss the implications of this earnings report. Despite Tesla's earnings miss, Winton argues that "the real story" lies in the company's potential to deliver on its robotaxi ambitions. He suggests that if Tesla succeeds in this venture, factors like gross margins and delivery numbers would become "a sideshow" in comparison. Winton calls robotaxis "an inevitability," driven by rapid advancements in artificial intelligence. He cites Tesla's massive data center and its current fleet of vehicles as key advantages, leading him to believe "they're gonna be able to deliver autonomous driving". Regarding the financial impact, Winton anticipates a robotaxi pilot could emerge between late 2024 and early 2025. He predicts this would transform Tesla's business model from "one-time sales to recurring revenue," describing it as "a business transformation the likes of which the world has never seen". For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith
"Disruptive technology" is on the rise lately. These technologies cover the field of Artificial Intelligence, Machine Learning, Blockchain Technology, the Internet of Things, Renewable Energy Technologies, 3D Printing, Cybersecurity, Quantum Computing, and others.