Cathie Wood Defies CoreWeave IPO Slump, Ark Snaps Up $3.6 Million Worth Of Stock In Nvidia-Backed Company
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Cathie Wood's Ark Invest has made significant investments in CoreWeave Inc. and Robinhood Markets Inc. despite challenges faced by CoreWeave's IPO. Ark's ARK Next Generation Internet ETF purchased 98,159 shares of CoreWeave, valued at approximately $3.64 million, while also acquiring 31,731 shares of Robinhood, worth about $1.32 million. CoreWeave, backed by Nvidia, struggled to meet its IPO target, raising $1.5 billion instead of $2.7 billion, and carries $7 billion in debt. Other notable trades included investments in Tempus AI and GitLab.
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