CrowdStrike Posts Best Quarter Ever, but Cathie Wood's Ark Sells Shares Amid Cloudflare, Cerebras Buys
On Wednesday, Aug. 26, 2026, Ark Invest sold CrowdStrike and AMD shares after CrowdStrike's record quarter.
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Cathie Wood's Ark Invest bought nearly $10 million worth of Coinbase and Circle shares after recent declines.
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On Wednesday, Aug. 26, 2026, Ark Invest sold CrowdStrike and AMD shares after CrowdStrike's record quarter.
Read original at benzingaArk Invest bought roughly $17 million in Cerebras shares Tuesday, Aug. 25, 2026, while trimming its Tempus AI and AMD positions
Read original at benzingaCathie Wood's ARK Investment Management bought $27.5 million worth of SpaceX shares on Friday while simultaneously selling $27.2 million of Palantir shares the same day. The trades reflect a relative valuation call: SpaceX trades near its IPO price despite strong growth, while Palantir trades at 154x earnings despite similar revenue growth rates. Both companies remain significant holdings in ARK's funds, but the trades suggest Wood prefers SpaceX's valuation at current levels.
Read original at the-motley-foolWhile Cathie Wood's Ark Invest continues buying SpaceX stock since its June 2026 IPO, analyst Johnny Rice argues the company is overvalued at $1.8 trillion. Though Starlink shows strong performance with $4.3B Q2 revenue and 38.6% operating margins, SpaceX's AI division is burning cash with negative $25B free cash flow in H1 2026, consuming 90% of capital investments with uncertain returns.
Read original at the-motley-foolPrediction markets are rapidly transitioning into mainstream finance with institutional participation accelerating growth. Kalshi and Polymarket achieved $50.6 billion in combined trading volume in July 2026, while Cantor Fitzgerald's entry into institutional trading removes barriers for hedge funds and professional investors. Prospect Prediction Markets secured CFTC registration as an introducing broker, enabling U.S. market access. Analysts project prediction markets could reach $1 trillion in annual trading volume by decade-end, establishing event contracts as a new asset class alongside stocks, options, and futures.
Read original at globenewswire-incGoldman Sachs has joined Wall Street in backing the Digital Asset Market Clarity Act, but prediction markets suggest final passage is unlikely until mid-2027 at the earliest due to Democratic concerns about ethics provisions. The crypto industry may need to rely on regulatory support from the SEC, CFTC, and OCC if the legislation stalls. Companies with strong Wall Street relationships like Coinbase and Circle are positioned to grow regardless of the Clarity Act's passage.
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