Cathy Wood said Nvidia Corp. is now an “obvious” bet on artificial intelligence, and it is buying shares of other companies that can benefit more from the potentially transformative technology.
The CEO and founder of ARK Investment Management attracted unwanted attention after the closing of her flagship ETF ARK Innovation (ticker ARKK) Nvidia’s position in January, missing most of this year’s meteoric rally. Now, says Wood, the chipmaker has “taken off”, leaving behind many other companies that will be huge beneficiaries of AI.
