TECH - Cathie Wood's Ark Invest Hoards Palantir Stock Ahead Of Q1 Earnings Adds More Of This Buffett-Backed EV Bet Buys Meta Roku Earnings Dip | Benzinga
On Friday, Cathie Wood-led Ark Invest did a flurry of trades involving some of its key portfolio stocks, notably adding a big chunk of shares of AI-levered Palantir Technologies, Inc. (NYSE:PLTR).
AI Pickings: Ark, through its ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ), bought 100,344 shares of Palantir, valued at $2.26 billion. This was in addition to the 45,229 shares, worth $981,923, it acquired on Thursday.
Palantir is scheduled to report its first-quarter results on May 5. Analysts, on average, expect the company to report earnings per share of 8 cents per share on revenue of $625.33 million, according to Benzinga Pro data. This represents an increase from fourth-quarter numbers of 5 cents per share and $525.19 million, respectively.
Ark also accumulated Meta Platforms, Inc. (NASDAQ:META) shares in two sessions following ...