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Space Stocks Are Rocketing Higher. What's Behind Their Big Moves.

VMware,
Pat Gelsinger, effective Feb. 15.
Since Swan took over in 2019, Intel has divested from non-core assets while making acquisitions that
strengthened its core business. But as
Barron’s notes, “Swan doesn’t have semiconductors in his DNA and is known as more of a software and finance executive than a man with deep technical expertise.”
Gelsinger, on the other hand, is
a prominent technical expert in the chip industry. He’s a trained engineer who has written a microprocessor programming book, holds several patents, helped create Wi-Fi technology and spent three decades at Intel earlier in his career.
“After careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel,” Intel chairman Omar Ishrak said in a statement.

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ARK's Cathie Wood Is Launching a Space ETF. The Sector Is Soaring.

Cathie Wood, CEO of ARK Investment Management.
Alex Flynn/Bloomberg
Star fund manager Cathie Wood is setting her eyes on yet another booming industry, and it’s setting the stocks on fire.
ARK Investment Management, an asset-management firm led by Wood, filed late Wednesday to launch the ARK Space Exploration exchange-traded fund under the ticker ARKX.
Although the fund isn’t on the market yet and its exact holdings are unknown, the news itself was bullish enough to spark a rally in many companies related to the space business.
It’s the latest demonstration of how popular and influential ARK Investment and its founder Wood has become in the past year.

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ARK Invest Is Planning a Space ETF. Here Are 5 Stocks That Could Benefit.

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Space is cold, but space investing is heating up. Space-linked stocks are rocketing higher Wednesday because a well-known Tesla bull has turned her gaze upward.
ARK Invest, founded by technology disruption guru Cathie Wood, is planning a new exchange-traded fund focused on space stocks, based on filings with the Securities and Exchange Commission.
Wood,...
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Space is cold, but space investing is heating up.
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