Cathie Wood (Cathie Wood / ARK) — Buying the dip in AI and space against the trend
CoreWeave (CRWV): Bought a combined ~381,000 shares worth about $25.8 million over 10/14–10/15, adding to the position against the trend (the stock fell 15.5% on 10/14); as of 10/15, TipRanks listed its implied upside as the highest of the three (~105%).
Rocket Lab ($RKLBB ): Bought about 169,000 shares (~$9.97 million) after the stock fell ~7%; the Neutron rocket’s maiden flight has been delayed until 2027 due to a defect in its carbon-composite fuel tank.
Buys: Meta, Cerebras (AI chips), Kodiak AI, and biotech companies including Iambic, Recursion, Freenome, and Scribe.
Sells: Amazon ($AMZNB ), Shopify ($SHOP), Palantir ($PLTR, trimmed about 61,000 shares/~$12.3 million over two days), 10x Genomics, Personalis, and Toast.
In-depth analysis / institutional views
“Semiconductors out, software in”: Market sentiment is shifting away from hardware and computing power toward software and “non-AI” sectors; analysts say this shift “is unlikely to change in the short term.”
“Everything unrelated to AI took off this week”: Capital is clearly rotating into financials, energy, and consumer staples, with de-AI trading in the lead.
CoreWeave’s slow-burn crisis: Debt-fueled expansion of AI infrastructure has sparked debate over “whether systemic risk is arriving,” but most views hold that the situation is not yet out of control; the pressure will be put to the test ahead of earnings season.
“AI election”: Wall Street worries that opposition to data centers and AI infrastructure will intensify around the midterm elections in November, pushing up the pricing of policy risk.
The paradox of the bull market’s fourth anniversary: As this AI bull market nears its fourth anniversary, historical experience suggests that “rallies that have made it this far usually continue,” but current valuations and the interest-rate environment are countervailing factors.
Citi downgrades U.S. equities to neutral: It bluntly says “American exceptionalism” is fading and that tariffs will have the biggest impact on U.S. equity EPS.
Goldman Sachs sees “stocks and bonds rising together”: It upgraded its ratings for equity and bond markets on the back of strong earnings growth and low recession risk. Main themes: Semiconductors led the decline (SMH fell 3% in one day and 10% for the week); Nvidia (NVDA) lost more than $350 billion in market value in a single week. CoreWeave ($CRWVB ) fell about 25% for the week and dropped another ~12% on Friday, becoming the “anchor” of the AI debt narrative. Non-AI sectors (financials, energy, and consumer) held up relatively well this week, as the market rotated away from “everything is AI” toward de-AI trading.
CoreWeave (CRWV): Bought a combined ~381,000 shares worth about $25.8 million over 10/14–10/15, adding to the position against the trend (the stock fell 15.5% on 10/14); as of 10/15, TipRanks listed its implied upside as the highest of the three (~105%).
Rocket Lab ($RKLBB ): Bought about 169,000 shares (~$9.97 million) after the stock fell ~7%; the Neutron rocket’s maiden flight has been delayed until 2027 due to a defect in its carbon-composite fuel tank.
Buys: Meta, Cerebras (AI chips), Kodiak AI, and biotech companies including Iambic, Recursion, Freenome, and Scribe.
Sells: Amazon ($AMZNB ), Shopify ($SHOP), Palantir ($PLTR, trimmed about 61,000 shares/~$12.3 million over two days), 10x Genomics, Personalis, and Toast.
In-depth analysis / institutional views
“Semiconductors out, software in”: Market sentiment is shifting away from hardware and computing power toward software and “non-AI” sectors; analysts say this shift “is unlikely to change in the short term.”
“Everything unrelated to AI took off this week”: Capital is clearly rotating into financials, energy, and consumer staples, with de-AI trading in the lead.
CoreWeave’s slow-burn crisis: Debt-fueled expansion of AI infrastructure has sparked debate over “whether systemic risk is arriving,” but most views hold that the situation is not yet out of control; the pressure will be put to the test ahead of earnings season.
“AI election”: Wall Street worries that opposition to data centers and AI infrastructure will intensify around the midterm elections in November, pushing up the pricing of policy risk.
The paradox of the bull market’s fourth anniversary: As this AI bull market nears its fourth anniversary, historical experience suggests that “rallies that have made it this far usually continue,” but current valuations and the interest-rate environment are countervailing factors.
Citi downgrades U.S. equities to neutral: It bluntly says “American exceptionalism” is fading and that tariffs will have the biggest impact on U.S. equity EPS.
Goldman Sachs sees “stocks and bonds rising together”: It upgraded its ratings for equity and bond markets on the back of strong earnings growth and low recession risk. Main themes: Semiconductors led the decline (SMH fell 3% in one day and 10% for the week); Nvidia (NVDA) lost more than $350 billion in market value in a single week. CoreWeave ($CRWVB ) fell about 25% for the week and dropped another ~12% on Friday, becoming the “anchor” of the AI debt narrative. Non-AI sectors (financials, energy, and consumer) held up relatively well this week, as the market rotated away from “everything is AI” toward de-AI trading.