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Cathie Wood Exits Palantir at Peak as Progressive Boosts Nvidia Stake Amid Crypto/Gold Shift
Cathie Wood Exits Palantir at Peak as Progressive Boosts Nvidia Stake Amid Crypto/Gold Shift
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Ark Invest’s Cathie Wood has liquidated her Palantir (PLTR) position at apparent peak valuation, while Progressive Insurance acquired 61,272 Nvidia (NVDA) shares - contrasting institutional moves highlighting strategic portfolio realignments. The transactions coincide with growing institutional interest in AI infrastructure plays like Nvidia’s chips.
Separately, high-net-worth investors are accelerating allocations to cryptocurrencies and Gold as dollar alternatives. This dual migration reflects deepening concerns about fiat currency stability and inflationary pressures, with digital assets increasingly viewed as a macroeconomic hedge rather than purely speculative instruments.
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