Cathie Wood’s Ark Invest, known for its focus on disruptive innovation, missed out on the recent tech rally led by Nvidia. Despite this setback, Wood remains optimistic about other opportunities in the AI sector.
Nvidia, a leading graphics chip maker, experienced a surge in its stock price due to strong demand for its products in the gaming and data center markets. However, Ark Invest did not have a significant stake in the company, causing them to miss out on the rally.
Wood, who is a prominent figure in the investment community, is now setting her sights on other potential winners in the AI space. She believes that advancements in artificial intelligence will continue to drive innovation and growth in various industries.
While Ark Invest may have missed out on the Nvidia rally, Wood’s commitment to investing in disruptive technologies remains unwavering. She continues to seek out opportunities that have the potential to deliver strong returns for her firm and its investors.