ARK Invest's Cathie Wood told Bloomberg in Seoul on Oct. 16 that investor fear shows AI is not a bubble, saying the industry is 'still in the parking lot.' ARK bought CoreWeave as its shares fell, and the stock is down 23.44% over the past week and 55.67% over the past year. The bull case cites CoreWeave's second-quarter revenue of $2.575 billion, up 112.3%, and a contracted backlog near $104 billion, while Goldman Sachs upgraded the stock to Buy. The bear case points to distressed bonds, a record credit default swap reading, $51.608 billion in total debt at June 30, and second-quarter interest expense of $640 million, which exceeded a $626 million net loss. Free cash flow was -$5.74 billion in the quarter, and with capital spending guided to $35 to $39 billion, the article says the third-quarter report will be a key test.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: ‘We’re Still in the Parking Lot’: Cathie Wood Says AI Isn’t a Bubble. Here’s the Case Against Her
Read the original on Yahoo Finance ↗
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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