One of the big ideas for Ark Invest is the continuation of video games having end-to-end virtual entertainment. Gaming fits into the ETF management company’s thesis that time spent on games and digital goods could continue.
The sports betting sector has become incredibly competitive, with many operators competing for market share in the legalized states. A portfolio manager for Ark Invest told Benzinga why DraftKings (NASDAQ: DKNG) stood out for years and could be the long-term winner.
Artificial intelligence use cases have risen in 2023 and among the reasons is the rise of ChatGPT, a chatbot launched by OpenAI that is being used by people around the world at an increasing rate.
Cathie Wood-led ARK Investment Management bought 52,813 shares of cryptocurrency exchange platform Coinbase Global Inc (NASDAQ: COIN) at an estimated valuation of over $2.5 million based on Thursday’s closing price.