Cathie Wood’s Ark Invest, known for its focus on disruptive technology, missed out on the recent tech rally led by Nvidia. Despite this setback, Wood remains optimistic about other opportunities in the artificial intelligence (AI) sector.
Ark Invest’s flagship fund, the Ark Innovation ETF, did not have a position in Nvidia during its recent surge. The stock price of the chipmaker soared after it announced strong quarterly earnings and a bullish outlook for its AI business.
Wood, however, is not deterred by missing out on Nvidia’s rally. She believes that there are still plenty of other AI companies that offer significant growth potential. Ark Invest has been actively investing in companies that are at the forefront of AI technology, such as Tesla and Square.
While it may have missed out on the gains from Nvidia, Ark Invest’s overall performance has been impressive. The firm’s focus on disruptive innovation has helped it outperform the broader market in recent years.
As Wood continues to keep an eye on the AI sector for future investment opportunities, investors can expect Ark Invest to remain at the forefront of disruptive technology investing.