HomeAbout

TL;DR CNBC


Cathie Wood explains how the artificial intelligence boom could propel Ark's Innovation ETF - TL;DR CNBC

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: QQQTSLA.MAG7?QSEARCHTERM=MAGNIFICENT%20ARKK

Keywords: investment strategybreaking news: technologyark innovation etfexchange-traded fundstechnologystock marketsbusiness newscathie woodmarketspowershares qqq trustcnbc magnificent 7 indextesla incartificial intelligence

Source: https://www.cnbc.com/2023/10/20/cathie-wood-explains-ai-boom-could-propel-ark-innovation-etf.html


Developed by Leo Phan