Concerns about potential AI disruption of the software space have driven Palantir shares down more than 25% so far this year.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Ackman’s move comes at a time when many young retail investors have grown tired of their classic stock-and-bond portfolios.
Competing theories have been proposed to explain why billions of dollars have gone into and out of several ARK ETFs in recent weeks.
The company’s massive asset moves may, in part, reflect institutional investors’ entry into the industry, particularly crypto.
For investors with a higher risk tolerance, a standard ETF portfolio may not cut it.