Figma Inc (FIG)
- Wood has added $12M worth of shares in February
- Shares are down over 78% over the past year
- FIG currently has a high valuation (Price to Sales of 10)
- Average analyst rating is a Buy
- Revenue is forecasted to double to 2.03B by year end 2029
- Insiders are largely selling off the stock
Having added over 477K shares in February, Wood has increased her exposure to AI and is on a buying spree thanks to the recent broad AI pullback. And while Figma does have a high valuation (even by AI company standards) with a Price to Sales of around 10, it does has the pretty impressive revenue growth forecasts – but it will need to beat it’s current earnings forecasts if it plans on sustaining such a high premium. That said, the current analyst rating on average is a Buy with the average 1 year forecast at +78%. The WSX rating is also a Buy and we have put this as high risk, high reward.
Advanced Micro Devices Inc (AMD)
- Wood has added $6.9M worth of shares recently
- High EPS growth estimates
- Competitive, in demand products
- High analyst price targets
- ROI of major AI players in question
- Missed 3 of their last 4 earnings calls
- High valuation
Wood now holds around $233M worth of AMD in her Ark Invest portfolio, making up almost 4% of the total fund. And despite being up over 80% in this past year, analysts are still rating AMD highly thanks to their optimistic EPS growth forecasts which are expected to continue to climb in the long term. AMD has benefitted largely from the AI hype in the past few years but has also been a victim of the industry pullback recently, being down 24% over the past month; which explains why Wood has opted to go on a buying spree. We have rated this medium risk, high reward and maintain our Strong Buy rating.
CoreWeave Inc.(CRWV)
- Wood has added $3.5M to her CoreWeave position
- Analysts have rated CoreWeave a Strong Buy on average
- The average analyst one year forecast is +61%
- Strong earnings growth forecasts
- High valuation (Price to Sales of 11)
- Beat their last 4 earnings calls
- Has had 5 recent earnings upgrades
CoreWeave now makes up almost 2% of Ark Invests portfolio after Wood’s recent purchase of over 30K shares, with the funds total exposure now exceeding $111 million dollars. CoreWeave has seen many analyst upgrades who on average still share an extremely bullish sentiment – something backed up by their consistent earnings beats and growth forecasts. We have rated this medium risk, high reward and maintain our Strong Buy rating.
