Cathie Wood's Alphabet Bet Pays Off

Cathie Woods Ark Investment recently made a successful trade, purchasing $14.1 million worth of Alphabet shares before their earnings report. Alphabets earnings per share of $5.11, surpassing the expected $2.62, and revenue of $109.9 billion, a 20% year-over-year increase, drove the stock up. Google Cloud led the growth at $20.02 billion. Despite Arks Innovation ETFs volatile performance, Wood continues to bet big on AI, blockchain, biotech, and robotics, predicting a great economic acceleration. She recently invested in CoreWeave, Intellia Therapeutics, Kratos Defense, Spotify, and Robinhood, while trimming Roku. Analysts at Citi raised Alphabets price target to $405, making Woods Alphabet bet a promising move. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3580819108dd2055