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ARK Innovation ETF rises sharply, Cathie Wood views its top holding Tesla as ‘most obvious beneficiary’ of recent AI breakthroughs

Por: MarketWatch Business May 31, 2023

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But the ETF no longer holds chip maker Nvidia Corp., even as ARK Investment Management founder Wood expects the company will power the era of artificial intelligence. While her firm has believed since 2014 that “Nvidia saw the AI future before most other chip companies” and expects it will continue “to power the AI age,” the company now looks expensive, Wood suggested on Monday. “At 25X expected revenue for this year,” Nvidia’s... + full article



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