Zoom Video Communications Inc

Ark CEO Cathie Wood says she avoided the Arm IPO frenzy. Here’s why

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Ark CEO Cathie Wood says she avoided the Arm IPO frenzy. Here’s why

Arm, the U.K.-based company controlled by Japanese investment giant SoftBank, listed on New York’s Nasdaq on Thursday at an IPO price of $51 per share for a valuation of almost $60 billion. The initial buzz has since fizzled, with the stock suffering successive daily declines to close the Tuesday trading session at $55.17. Cathie Wood, … Read more

Today’s top AI firms may not be best long-term investments, advisor says

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Today’s top AI firms may not be best long-term investments, advisor says

Artificial intelligence isn’t new technology. It grew in popularity after ChatGPT was released to the public late last year. Firms that are early leaders in AI may not be the best long-term investments, said Barry Glassman, founder and president of Glassman Wealth Services and a member of CNBC’s Advisor Council. The largest beneficiaries may not … Read more