Cathie Wood’s Ark Invest Is Selling Nvidia Stock and Buying These 2 Artificial Intelligence (AI) Growth Stocks Ahead of 2024

From Nasdaq:

1. Ark Invest, led by CEO Cathie Wood, has seen major success in 2023, with its flagship Ark Innovation ETF up 73% year to date, outperforming the S&P 500 and the Nasdaq Composite. The firm has been reallocating capital, selling Nvidia stock and investing in Palantir Technologies and The Trade Desk.

2. Palantir Technologies is soaring, integrating data to drive actionable intelligence and, with its newly released Artificial Intelligence Platform, continuing its profitable momentum and growth prospects.

3. The Trade Desk is dominating the digital ad market, distinguished by its independent business model and currently positioned for significant growth in collaborative platforms like CTV and retail media. Despite a decline in stock price, the company remains promising for long-term investors.



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