There are growth investors, and then there’s the more aggressive Cathie Wood. The co-founder, CEO, and investment manager for Ark Invest has struggled to duplicate the market-thumping success she achieved four years ago, but she’s always moving.
Wood boosted her existing stakes in Amazon (NASDAQ: AMZN), Ibotta (NYSE: IBTA), and Teradyne (NASDAQ: TER) on Monday. Let’s take a closer look at these three fresh purchases for Ark Invest’s family of exchange-traded funds.
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Unlike the other two names on this list, Amazon hit another all-time high this month. The leading online retailer is cranking out consistent sales growth in the low double digits, and it continues to invest in new offerings and partnerships to make sure that it stays on top.
Like Wood, Amazon itself is always making moves. Last week it announced that it would be expanding on its earlier investment in promising AI start-up Anthropic. A new $4 billion investment in Anthropic will make the e-commerce giant’s Amazon Web Services (AWS) the primary training partner for Anthropic. AWS Trainium will be used to train and deploy Anthropic’s largest foundation models. More importantly, it’s a shortcut for Amazon to grow from a laggard to a leader in AI, previously a worrywart shortcoming.
Image source: Getty Images.
Amazon shares are doing well, rising 33% this year. This doesn’t mean that everything is rosy as Amazon heads into the start of the holiday shopping season later this week. At least one analyst this week is issuing a cautionary note, pointing out that about half of Amazon’s produces are China-sourced, making it vulnerable to tariffs likely to be imposed on imports next year.
The launch of Haul in beta version earlier this month also could take a hit. Investors applauded Amazon’s new deep discounted platform — with most products selling for $10 or less — as a way to take on faster-growing Chinese rivals Temu and Shein. However, where do you think Amazon’s procuring products…
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