- Nvidia shares have surged nearly 100% from their lows, with Ark Invest continuing to add to its position in the company. Cathie Wood’s ETF is up 31% this year, outperforming major market indexes. Nvidia’s revenue is expected to skyrocket, with shares nearly doubling since April.
- Iridium Communications is seeing modest revenue gains, but its bottom line is improving. The company has over 2.4 million billable subscribers. Analysts forecast a 6% revenue growth this year and a 30% jump in the bottom line.
- Teradyne has faced recent analyst downgrades, but Cathie Wood sees potential. The company’s revenue is on the rise after years of declines. Analysts expect a 5% growth in 2025, with back-to-back quarters of double-digit gains. Wood is optimistic about the long-term prospects despite recent setbacks.
Read more at Nasdaq: Cathie Wood Goes Shopping: 3 Stocks She Just Bought