Cathie Wood's ARK Invest holds $497M in Roku despite stock being 73% below all-time high
By
Aditya Raghunath
A baker's-dozen of insight crammed into one ring.
Summary
Cathie Wood's ARK Invest holds a significant position in Roku (ROKU), owning 3.82 million shares worth approximately $497 million, making it her sixth-largest holding. Despite Roku's stock being down 73% from its all-time high, Wood sees potential in the company's transformation from a hardware-focused business into a monetization machine. Roku's CFO Dan Jedda outlined the company's strategy shift toward advertising revenue, platform growth, and profitability, which aligns with Wood's long-term investment thesis on disruptive innovation.
Key quotes
· 3 pulledRoku is now a monetization machine
Cathie Wood has never been shy about making big bets on names that most of Wall Street hasn't fully figured out yet
Three years ago, Roku was largely a hardware story
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