I think it's a broader macro issue of software companies up against crazy AI valuations and investing momentum. Software company multiples and valuations should recover (imho, n=1) when AI fever cools.
> GitLab drew the headlines, but ARK trimmed multiple holdings as it doubled down on themes she feels have more punch in the near term.
> That’s a familiar ARK playbook: Wood cuts exposure where momentum cools off, while adding to disruptors, keeping the portfolio pointed toward the more fast-moving corners of innovation.
Capital folks are trimming what they believe to be slower or slowing growth enterprises to free up capital to follow the AI momentum trade.
(not investing advice, thoughts and opinions always my own)
lvspiff•2mo ago
toomuchtodo•2mo ago
> GitLab drew the headlines, but ARK trimmed multiple holdings as it doubled down on themes she feels have more punch in the near term.
> That’s a familiar ARK playbook: Wood cuts exposure where momentum cools off, while adding to disruptors, keeping the portfolio pointed toward the more fast-moving corners of innovation.
Capital folks are trimming what they believe to be slower or slowing growth enterprises to free up capital to follow the AI momentum trade.
(not investing advice, thoughts and opinions always my own)