Cathie Wood says Circle shares fail to reflect long-term growth potential

ARK Invest CEO Cathie Wood said Circle’s recent share weakness does not properly reflect its long-term growth potential. In a post on X, Wood said Circle has risen 84% since its IPO, while stock-market action over the past year shows short-term inefficiency, adding that technology is disrupting the traditional financial order and Circle will be a major beneficiary. According to an Artemis chart, Circle shares are down about 42% over the past year, trailing Visa, up 7%, and Mastercard, down 1%.