Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
2026-09-30 13:05
•Rick Munarriz •The Motley Fool
•••••• ••• Axe Cap view
Cathie Wood's Latest Buys: A Local Lens on AI and Space Bets
Ark Invest's picks in Nvidia, SpaceX, and Airbnb spotlight growth themes, but what does this mean for South African investors?
Cathie Wood’s Ark Invest adding to Nvidia and SpaceX is a clear bet on AI and space exploration, sectors still nascent but with huge upside. Nvidia’s aggressive $150 billion buyback is a strong signal of confidence, especially as it trades at a relatively modest 14.5x forward price-to-earnings ratio given its AI leadership. For JSE investors, Nvidia's story filters through to the tech-exposed rand, which could gain if global AI optimism sustains. SpaceX’s drop of 34% from recent highs looks like a classic opportunity if you’re patient; its expected profitability in 2025 aligns with strong tech recoveries, but it’s early and speculative. Airbnb’s steady growth reminds one of resilient consumer services—similar to South African retailers like Shoprite or Woolworths, which have weathered tough times and continue to grow. A weaker rand might pressure these players but could help exporters like AngloGold Ashanti or Naspers. The risk is a global tech selloff or tightening monetary policy derailing growth themes. this is just our opinion and not financial advice
Trim exposure to rand-hedged retailers like Woolworths while watching for better entry points in tech-related USD assets through USD/ZAR. Consider selective buys in exporters benefiting from a firm rand and rising commodity prices.
- USD/ZAR
- Woolworths
- Naspers
- US interest rate hikes slowing global tech demand
- Rand weakness undermining local consumer stocks
6/10
Cathie Wood's Ark Invest added to positions in Nvidia, SpaceX, and Airbnb on Tuesday. Nvidia announced a record $150 billion share buyback authorization and trades near all-time highs with a forward P/E of 14.5x. SpaceX, down 34% from recent highs, is expected to turn profitable next year with revenue expected to more than double by 2027. Airbnb, down from its peak but showing strong double-digit revenue growth for six consecutive years, continues to demonstrate solid momentum.
Our take is based on reporting first published by The Motley Fool.
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