Cathie Wood explains how the artificial intelligence boom could propel Ark's Innovation ETF
Publishing timestamp: 2023-10-20 11:38:08
Summary
Cathie Wood of Ark Invest believes that investors in the Ark Innovation ETF stand to profit from the artificial intelligence boom. The fund has gained 17% this year and focuses on disruptive technologies such as AI. Wood acknowledges the fund's past declines but remains optimistic about the potential for AI-linked stocks. She suggests that the rapid advances in AI interfaces could lead to a new generation of industry leaders and sees the Ark Innovation ETF as a bet on the future of AI.
Sentiment: POSITIVE
Tickers: QQQ, TSLA, .MAG7?QSEARCHTERM=MAGNIFICENT%20, ARKK,
Keywords: investment strategy, breaking news: technology, ark innovation etf, exchange-traded funds, technology, stock markets, business news, cathie wood, markets, powershares qqq trust, cnbc magnificent 7 index, tesla inc, artificial intelligence,
Source: https://www.cnbc.com/2023/10/20/cathie-wood-explains-ai-boom-could-propel-ark-innovation-etf.html