From Nasdaq Corporate Solutions: 2024-04-01 05:35:00

Cathie Wood, lead portfolio manager at Ark Invest, experienced success in 2020 with a soaring 149% return on Ark Innovation ETF. Despite recent underperformance, the ETF has surged 60% since January 2023, outperforming the S&P 500. With 14.4% of the portfolio in Tesla and Coinbase, Wood’s confidence in these companies is apparent.

Tesla faced challenges in 2023, with price cuts affecting growth and margins. As the company prepares to launch a low-cost vehicle in 2025, profitability may be hindered. However, Tesla leads in electric vehicle sales and software services, positioning it well for growth, especially in the autonomous driving market.

Coinbase experienced significant revenue growth in the fourth quarter of 2023, driven by transaction revenue and expanding services revenue. The return to profitability was fueled by strong revenue growth and cost-cutting measures. Coinbase launched international trading platforms and increased derivatives offerings, showing potential for continued growth despite expensive valuation.

Read more at Nasdaq: Cathie Wood’s Ark Invest Has 14% of Its Portfolio Invested in 2 Growth Stocks