Cathie Wood sells $11.8 million in Nvidia-backed CoreWeave stock ahead of earnings
Cathie Wood's ARK Invest sold $12 million in CoreWeave (CRWV) stock ahead of its earnings report, as the stock had surged 56% in the past month. CoreWeave is a key partner of Nvidia (NVDA) in AI infrastructure, with Nvidia having invested $2 billion in the company. The move reflects a typical strategy of trimming gains when stocks are stretched ahead of earnings.
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Topics: AI infrastructure CoreWeave earnings report Nvidia portfolio management stock sales