Cathie Wood Says Palantir, Tesla, Coinbase And This Amazon Rival Are ‘Tip Of The Spear’ As Innovation Disrupts Old World In Equity Benchmarks
Fund manager Cathie Wood highlighted a handful of innovative and disruptive stocks that she says are set to displace the old guard in leading equity benchmarks.
What Happened: On Wednesday, the CEO of Ark Invest took to X to reaffirm her conviction in several of the firm’s most prominent holdings, describing them as being at the “tip of the spear” as technology-driven innovation disrupts legacy industries and “displaces the old world in equity benchmarks.”
The companies she spotlighted include Tesla Inc. (NASDAQ:TSLA), Palantir Technologies Inc. (NYSE:PLTR), Coinbase Global Inc. (NASDAQ:COIN) and Shopify Inc. (NYSE:SHOP), which represent core positions worth over $2.78 billion across Ark’s family of funds.
This comes following Coinbase Global Inc.’s (NASDAQ:COIN) inclusion into the S&P 500 which was announced early this week, making it the first crypto company to do so. The company is replacing Discover Financial Services Inc. (NYSE:DFS) in the index, which is being …
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