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Stock impact report

Cathie Wood's Ark Invest Is Selling Nvidia Stock and Buying This Artificial Intelligence (AI) Growth Stock [Yahoo! Finance]

The Trade Desk, Inc. - Class A (TTD) 
Last the trade desk, inc. - class a earnings: 2/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thetradedesk.com
Company Research Source: Yahoo! Finance
Without an explosion in software revenue to justify the overbuilding of GPU capacity, we would not be surprised to see a pause in spending, compounding a correction in excess inventories, particularly among the cloud customers that account for more than half of Nvidia's data center sales. That does not necessarily mean Nvidia is a bad investment. The company has navigated supply gluts in the past, and the stock has always rebounded. But Ark Invest sees better opportunities elsewhere. So Wood and her team continued to sell shares of Nvidia throughout March, while redeploying capital in The Trade Desk (NASDAQ: TTD) , another company that stands to benefit from artificial intelligence. Here's what investors should know about the ad tech company. The Trade Desk is the leading independent platform for media buyers The Trade Desk operates the largest independent, demand-side platform, a type of ad tech software that helps media buyers plan, measure, and optimize data-driven campaig Show less Read more
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