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Cathie Wood Expands Positions in Nvidia, DoorDash, and Intuitive Surgical
Cathie Wood’s Ark Invest added to its existing positions in Nvidia (NASDAQ: NVDA), DoorDash (NASDAQ: DASH), and Intuitive Surgical (NASDAQ: ISRG) on Monday. Nvidia’s shares have more than doubled since April, currently trading at 30 times next year’s projected earnings of $5.84 per share. DoorDash has seen a 135% increase in its shares over the past year, with revenue for Q1 rising 21% to $3 billion. Meanwhile, Intuitive Surgical is experiencing a pullback despite accelerating revenue growth, with its stock trading at a forward earnings multiple exceeding $50.
Nvidia is projected to report a 52% revenue increase to $46.7 billion and a 47% rise in earnings per share in its upcoming fiscal second-quarter results. DoorDash, now profitable, contrasts with its growth slowdown, showing resilience in a post-pandemic landscape. In contrast, Intuitive Surgical’s shares are down but the company maintains strong fundamentals as a leader in robotic surgical technologies.
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