On Thursday, Nio Inc (NYSE: NIO) issued its unaudited first fiscal quarter results that showed its financials were hurt by promotional activity and the price war Tesla Inc (NASDAQ: TSLA) ignited, as loss widened despite improved margins.
Cathie Wood of Ark Investment Management remains bullish on AI investments despite reducing Nvidia Corp (NASDAQ
) shares before their rise. Speaking at the Greenwich Economic Forum, Wood emphasized Ark's focus on emerging tech.