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ARK’s Cathie Wood Defends Missing Nvidia Rally: Tesla Is ‘Most Obvious’ AI Play

Por: MarketWatch Business May 30, 2023

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Coming into Tuesday trading, Wood’s exchange-traded fund (ARKK), was up less than 1% over the prior five days, having missed out on the Nvidia rally. The added about 2.5% over the same span. “Since 2014, ARK has believed that Nvidia saw the AI future before most other chip companies, and now we believe it will continue to power the AI age,” tweeted Wood on Monday. “At 25 times expected revenue for this year, however, Nvidia is priced... + full article



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