Cathie Wood Says If She Could Only Invest in 1 Artificial Intelligence (AI) Stock, This Would Be It (Hint: It's Not Palantir)
Cathie Wood is the founder and chief investment officer of Ark Invest, which manages exchange-traded funds (ETFs) focused on themes such as biogenetics, artificial intelligence (AI), robotics, renewable energy, and cryptocurrencies.While stocks such as Palantir Technologies, Robinhood, and Archer Aviation comprise some of the largest positions in Ark's portfolios, Wood recently revealed her highest-conviction pick. During an interview on The Diary of a CEO podcast, she said that if she could only invest in one stock, it would be Tesla (NASDAQ: TSLA), which is one of Ark's longest-standing positions and the top holding across all of its ETFs.Let's dig into why Tesla has earned so much confidence from Wood. From there, I'll dig into how Tesla is disrupting several pockets of the AI realm and assess the company's valuation to help determine if the stock is a good buy right now.Continue reading
Cathie Wood is the founder and chief investment officer of Ark Invest, which manages exchange-traded funds (ETFs) focused on themes such as biogenetics, artificial intelligence (AI), robotics, renewable energy, and cryptocurrencies.
While stocks such as Palantir Technologies, Robinhood, and Archer Aviation comprise some of the largest positions in Ark's portfolios, Wood recently revealed her highest-conviction pick. During an interview on The Diary of a CEO podcast, she said that if she could only invest in one stock, it would be Tesla (NASDAQ: TSLA), which is one of Ark's longest-standing positions and the top holding across all of its ETFs.
Let's dig into why Tesla has earned so much confidence from Wood. From there, I'll dig into how Tesla is disrupting several pockets of the AI realm and assess the company's valuation to help determine if the stock is a good buy right now.
