fundstrusts
Cathie Wood, a prominent advocate for innovative technologies, is making a bold bet on artificial intelligence with her latest investment in Tempus AI Inc. (NASDAQ: TEM). Known for her strategic focus on transformative technologies, Wood’s decision to heavily invest in Tempus reflects her confidence in the company’s potential within the burgeoning AI health-tech sector. Tempus stock, which debuted on the Nasdaq Stock Exchange in June at around $40, has surged over 50% since its initial offering, underscoring growing investor enthusiasm. Wood allocates $1.5 million to Tempus AIWood has recently...
Invezz
In a strategic shift, Starboard Value has reduced its stake in GoDaddy Inc (NYSE: GDDY) by approximately 28% in the second quarter, according to a recent regulatory filing. This decision comes after GoDaddy’s stock surged over 50% since the beginning of 2024, leading the activist hedge fund to lock in profits. However, this reduction does not necessarily indicate a loss of confidence in GoDaddy. On the contrary, Starboard praised GoDaddy’s management for setting realistic growth targets and enhancing transparency regarding its plans to improve profit margins. The investment firm encouraged GoD...
Invezz
American stocks have done well this year, with the S&P 500 and Nasdaq 100 indices soaring by over 15% and sitting at their all-time highs. This growth has been driven by the strong corporate earnings, anticipation of Fed rate cuts, and artificial intelligence, which has pushed companies like Nvidia to record highs. ClearBridge Energy Midstream Opportunity Fund is doing wellStill, a small fund most people have never heard of is outperforming the mainstream S&P 500, Dow Jones, and Nasdaq 100 indices. The ClearBridge Energy Midstream Opportunity Fund (EMO) has been a top-performer this year. Its ...
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Autodesk Inc (NASDAQ: ADSK) is up 5.0% on Monday after Starboard Value revealed a sizable stake in the graphic designing software maker. Details of Starboard’s stake in AutodeskThe activist hedge fund led by Jeff Smith announced a $500 million stake in ADSK today. Autodesk failed to “disclose material malfeasance in accounting and disclosure practices” before its 2024 annual meeting of shareholders in April. The timing did not sit well with Starboard as it disabled an investor from nominating its own candidates. The activist fund also sees potential for margin improvement and expects better in...
Invezz
GameStop Corp (NYSE: GME) is gaining at writing after short seller Citron Research said it has closed its entire position in the meme stock. Why did Citron close its short position in GameStop stock?Citron made the announcement this morning on X.com – confirming that the move has nothing to do with the video gaming merchandise retail’s fundamentals. It’s not because we believe in a turnaround for the company fundamentals will ever happen, but with $4 billion in the bank, they have enough runway to appease their cult-like shareholders. Citron closed its short position in $GME at a profit, as pe...
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