Ark Invest’s Cathie Wood on Short Bets, Strategy and Much More, A Rare Sell Call for Palantir & Bird CEO on Earnings Ahead of SPAC Merger

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.5 • 66 Ratings

🗓️ 19 August 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our anchors kick off the show with details on this morning’s earnings movers Robinhood and Nvidia. We also cover the latest announcements from Facebook including the company’s release of its first ever “widely viewed content report” as well as new virtual reality workspace tools. Then, CNBC’s Dom Chu joins to cover the recent performance of Cathie Wood’s Ark Funds ahead of our interview with Wood. Next, William Blair Analyst Kamil Mielczarek is here to share his bear case for Palantir, a top Cathie Wood pick. We also have Bird Founder and CEO Travis VanderZanden to discuss the company’s last earnings report before its planned SPAC merger. Then, Ark Invest Founder and CEO Cathie Wood joins today as numerous hedge funds are betting against her Ark Innovation ETF. We also get her take on the trendiest topics in tech such as the China crackdown, the crypto market and much more. Later, CNBC’s Leslie Picker is here to break down Wood’s interview, including what is driving her current investment strategy. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	I'm Deerreboza, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:08.9	Kathy Wood. Kathy Wood. We'll join us right here on Tech Check.
0:12.3	I've been waiting for this for my entire career.
0:15.8	ARF has stood for two things, democratization and transparency. We are very focused on innovation and very
0:24.2	rapid growth companies. Zoom, those who invest in technology are going to basically consolidate
0:31.6	the industry. Our confidence in Tesla, Tesla, Tesla has gone up for a number of reasons.
0:37.5	Elon Musk's determination, creativity, ingenuity. Roku, there's counterparty risk associated with
0:43.5	deflation, and I think Bitcoin would be a hedge against that eventuality.
0:47.5	Teledoc. What you will not see us do with the Chinese stocks is pull out of those names that are
0:52.7	more endemic to China itself. Shopify, coronavirus crisis
0:57.0	change the world dramatically and permanently. Consumers and businesses, they're not going back
1:02.8	to the old world. I've loved being a woman in this industry. I'm paid for learning. This is amazing.
1:24.5	Good Thursday morning. I'm Carl Cantonia with your Dr.
1:26.5	Bosa.
1:27.4	Very big day ahead. Kathy Wood is with us at 1130 a.m. Eastern Time.
1:32.1	Responding to the shorts that have been piling up in Arc will get her take on Tesla, Robin Hood, Chinese stocks, and more.
1:38.5	That's all coming up at the bottom of the hour. Then call it Alex Carpe Diem, the rare sell call on Palantir, and why one analyst says
1:45.9	you need to dump that stock today. Finally, the market prefers sweaters, investors cutting
1:50.9	hood after Vlad Tenev warns of a trading slowdown, D.
1:55.7	That's where we will start our feed this morning. Robin Hood shares getting crushed down about 8% in its first
2:02.9	earnings results since going public. Revenue doubled, but that was thanks to a massive surge in
	...

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