2024-05-29 13:33:00 ET
Summary
- Cathie Wood invests in Elon Musk's xAI, representing about 2% of the fund's holdings.
- American Airlines lowers guidance for Q2 adjusted profit; Dick's Sporting Goods tops Q1 expectations and hikes FY profit forecast.
- Net exposure to the Mag 7 for hedge funds at record - Goldman.
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ARK Investment management bets on the AI startup. (0:16) Could Devon Energy hijack ConocoPhillips deal for Marathon? (4:11) Hedge funds at record exposure to Magnificent 7. (5:00)...
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Wall Street Lunch: The MuskWood AI Venture