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● MSCI judged such companies to resemble funds more than operating businesses.
● Results had not been seen at about 7:30 a.m. ET.
● The stock fell about 6.4% after hours.
● It is now also the first long management comment sinceLeadershipreports.
● No new Apple-specific announcement was identified, and no pre-market quote was confirmed.
● No confirmed pre-market quote was available, so Apple is described as in focus.
● The Dow is price-weighted, so Apple carries far more weight than Nvidia.
● The report revived worries about AI assistants and online travel.
Key Highlights● ARK Invest bought roughly $6 million of Archer Aviation stock.● Archer's third-quarterRevenuecame in ahead of expectations.● Archer is an air-taxi developer.● ARK's daily trade disclosures confirm the exact size and funds involved.Cathie Wood's ARK Invest bought roughly $6 million of Archer Aviation …
● AdjustedEarningsare expected near $4.02 a share.
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