Cathie Wood, a fund manager, made a bold move on both American Express and Costco, leading her to sell AI stocks after the news broke on July 1, 2025.

The entities involved

• American Express →

  American multinational financial services corporation

  • American Express is deepening its global payment partnerships with Adyen to enhance its global acceptance strategy driven by card products.Mon 13:37
  • Berkshire Hathaway, led by Warren Buffett, holds stakes in American Express and Moody's Corporation, demonstrating its diverse investment strategy.Mon 00:05
• Costco →

  American multinational chain of membership-only stores

  • Costco has established a location in Murrieta.Mon 17:54
  • Ron Vachris has been appointed as the CEO of Costco.Mon 16:52
• Cathie Wood →

  American investor and businesswoman; CEO of Ark Invest

  • Cathie Wood predicts that Bitcoin's price will reach $2.4 million by 2030.Sun 04:13
  • Cathie Wood's firm, ARK, sold shares of AMD while simultaneously buying shares of Nvidia during August 2024.Fri 06:52

Related events

• Ark Invest, led by Cathie Wood, increased holdings in Meta, Airbnb, and Beam Therapeutics, amidst AI technology trends and market analysis from Wells Fargo.Sep 22
• Visa Inc. acquired BioCatch for fraud detection, escalating the payments security war among major card networks.Fri 01:17
• Cathie Wood manages the Ark Innovation ETF, which holds both Tesla and Amazon as top stocks.Sep 5
• Berkshire Hathaway is aggressively buying Google while also trimming its stake in Ally Financial, leveraging its long-term ownership of American Express.Sep 11
• NEOS Investment Management LLC increased its holdings in American Express shares.Sep 5