Should You Own This Cathie Wood Favorite? A Look at Palantir Technologies Stock.
Cathie Wood doesn't shy away from taking risks. It's part of what has garnered her a loyal following of investors who like her bold style. Her flagship fund's 152.8% return in 2020 probably helped, too. Of course, risk-taking often comes with downsides. The same fund, the ARK Innovation ETF, is still down more than 60% since its 2021 peak, while the S&P 500 is up nearly 45%. Still, many continue to look to Wood as a luminary of innovation investing.Wood recently took to social media platform X to tell her followers that she believes the CEO of one of her largest holdings when he says his company will become the largest pure-play enterprise artificial intelligence (AI) software company in the world. That company, Palantir Technologies (NASDAQ: PLTR), also happens to be one of the hottest stocks on Wall Street.Continue reading
Cathie Wood doesn't shy away from taking risks. It's part of what has garnered her a loyal following of investors who like her bold style. Her flagship fund's 152.8% return in 2020 probably helped, too.
Of course, risk-taking often comes with downsides. The same fund, the ARK Innovation ETF, is still down more than 60% since its 2021 peak, while the S&P 500 is up nearly 45%. Still, many continue to look to Wood as a luminary of innovation investing.
Wood recently took to social media platform X to tell her followers that she believes the CEO of one of her largest holdings when he says his company will become the largest pure-play enterprise artificial intelligence (AI) software company in the world. That company, Palantir Technologies (NASDAQ: PLTR), also happens to be one of the hottest stocks on Wall Street.
