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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood Bets Another $1 Million On Tempus AI Despite Jim Cramer's Doubts, Dumps Crypto Stocks As Bitcoin Hits Fresh New Highs

Cathie Wood COIN Tem Tempus AI Tempus ARK Ark Invest HOOD Bitcoin Block
Russia,Moscow,24.06.2021,Logo,Of,Financial,Investing,Fund,Ark,Invest

On Thursday, Cathie Wood-led Ark Invest made significant trades involving Tempus AI Inc. (NASDAQ:TEM), Coinbase Global Inc. (NASDAQ:COIN), Robinhood Markets Inc. (NASDAQ:HOOD), and Block Inc. (NYSE:XYZ).

The Tempus AI Trade saw Ark Invest making a notable acquisition of shares in the healthcare AI company. The trades were executed through the ARK Genomic Revolution ETF (BATS:ARKG) and ARK Innovation ETF (BATS:ARKK). Ark added a total of 16,277 shares of Tempus AI, with 2,233 shares purchased by ARKG and 14,044 shares by ARKK. This move comes amid ongoing criticism from CNBC’s Jim Cramer, who has repeatedly questioned the profitability of Tempus AI in 2025. Despite the skepticism, Tempus AI’s first-quarter financial results were promising, with revenue reaching $255.74 million, exceeding estimates. The total value of Ark’s purchase on this day was nearly $970,109, based on the stock’s closing price of $59.60.

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