5 Tech Stocks To Sell Now According to Cathie Wood

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1. TuSimple Holdings Inc. (NASDAQ:TSP)

Number of Hedge Fund Holders: 16

TuSimple Holdings Inc. (NASDAQ:TSP) is a California-based autonomous trucking company. Over the past 12 months, TuSimple Holdings Inc. (NASDAQ:TSP) has lost about 86% in value. As of the end of the third quarter of 2022, Cathie Wood’s ARK had reported owning about 16 million shares of TuSimple Holdings Inc. (NASDAQ:TSP). That position was sold during the fourth quarter of 2022, according to ARK’s latest 13F filings. In December, Bank of America reiterated its Underperform rating for TuSimple Holdings Inc. (NASDAQ:TSP) despite the company’s announcement related to restructuring according to which the company would cut its workforce by 25%.

You can also take a peek at 10 Hot Tech Stocks To Buy Now and 10 Hot Healthcare Stocks To Buy Now.

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