From Nasdaq MarketSite:

Cathie Wood’s Ark Invest is known for its high-risk, high-reward approach, and it’s paying off big-time. The firm’s flagship ARK Innovation ETF has seen a 56% share price increase over the last year. Three largest holdings in the fund saw an average increase of approximately 193% over the same period.

The top three stocks that fueled ARK’s big returns are Coinbase Global, Tesla, and Roku. Coinbase’s stock rose 363% over the last year, and Ark is bullish on the company’s future due to its stance on the overall crypto market. Tesla, the pioneer in electric vehicles, has seen a 110% stock price increase and is a major bet for ARK in self-driving tech and AI. Roku, the leader in streaming, is forecasted to hit $1,493 per share by 2026 and has risen 105%.

In the third quarter, Roku’s total active accounts rose to 75.8 million, and total streaming hours jumped to 26.7 billion. With ARK’s performance estimates being quite ambitious, Roku doesn’t need to come close to reaching those targets to still deliver great returns.

This is not a promotional paragraph.



Read more: Cathie Wood’s Biggest Bets: 25.5% of Ark Invest’s Top ETF Is Held in 3 Growth Stocks That Soared an Average of 197% Over the Last Year