Cathie Wood never seems to let a trading day go without making a portfolio move. The founder of Ark Invest was busy on Monday, kicking off the trading day by adding to several of her existing positions. Her purchases this week include Coreweave (CRWV 8.82%), Robinhood Markets (HOOD 2.97%), and Circle Internet Group (CRCL 5.77%).
The three companies don't have a lot in common, but they do have a common intersection when it comes to crypto. Let's take a closer look at what she might be seeing in these three stocks that she bought on Monday.
Image source: Getty Images.
1. Coreweave
There have been a lot of wild IPOs this year, but it's hard to beat Coreweave's short trading life as a bucking bronco. The AI infrastructure play went public at $40 to little fanfare in March. You could've bought the shares in the mid-$30s a few weeks later, but then investors took a shine to the provider of data center solutions optimized for AI workloads.
Coreweave stock more than quintupled in two months, peaking at $187 in late June. The stock has surrendered 60% of its value since then, but it's up a strong 84% for those who got in on the IPO eight months ago.
On a Motley Fool Money podcast in June, I called the genesis of Coreweave "one of the most punchable face origin stories you'll ever hear." The company was formed by a few hedge fund bros just eight years ago, snapping up GPUs to mine Ethereum (ETH +1.95%) on the side. When the crypto market crashed, they took advantage of the shakeout by buying GPUs at a discount from failed mining companies. They pivoted their business model to service the special effects and generative AI start-up markets, the latter being the game-changer.
NASDAQ: CRWV
Key Data Points
Growth has been stellar for Coreweave. It generated $1.9 billion in revenue last year, and it's going to top $5 billion this year. Analysts see the top line more than doubling again, to $12 billion in 2026.
The bottom line is another story. Coreweave continues to lose money as it builds out its business, but you can't put the "hyper" in hyperscaling by moving slowly and living within your means. Wall Street pros don't see a profitable turn until 2027 at the earliest.
Coreweave also has a debt-heavy balance sheet, even with the cash it raised in the IPO. Thankfully, the red ink isn't a problem at this stage. The market rewards growth, and Coreweave now has an easy way to raise money when its stock is rising.
Growth has a funny way of smoothing out any shortcomings, and Coreweave is in demand. It had a revenue backlog of $55.6 billion at the end of June, 271% higher from where it was a year ago. You can weather the storm when you're the thunder and lightning.
NASDAQ: HOOD
Key Data Points
2. Robinhood Markets
Robinhood Markets has gone form a next-gen trading platform for stocks to one that's dominated by young options and crypto investors. That mix is working for Robinhood Markets, one of just six stocks with a market cap north of $100 billion that has more than doubled in 2025.
There were 26.8 million funded customers on the platform at the end of September, a 10% increase over the past year. Revenue doubled to $1.27 billion in the third quarter, because those funded customers did a lot of trading. Stocks were rallying. Crypto was rallying. Robinhood Markets was, and is, rallying.
Crypto trading revenue quadrupled to $268 million. Stock trading revenue climbed 132% to $86 million. Options -- its largest slice of this pie -- climbed 50% to $86 million. Given the scalability of the business, it's not a surprise to see net income increase 271% to $556 million. Yes, that translates into a net profit margin of 44%. Put another way $0.44 of every dollar in revenue made it to the bottom line. Robinhood can be a pretty amazing business when folks are trading.
NYSE: CRCL
Key Data Points
3. Circle Internet Group
Like Coreweave, Circle is another success story from the IPO class of 2025. The issuer of stablecoin products and provider of blockchain solutions also saw its shares start to skyrocket in June as digital currencies rallied. It's given back most of those upticks, but Circle's close on Monday was 135% above its $31 IPO price.
Revenue rose 66% in its latest quarter, showing that there is growth to be had even by specializing in stable digital currencies pegged to the U.S. dollar. Wood has now added to her stake in Circle for five consecutive trading days. One can say she's circling the wagons around Circle.
