At Extreme Investor Network, we are constantly on the lookout for the latest trends and insights in the world of investing. One fascinating development catching our attention is the approach of ARK Invest’s Cathie Wood towards transformative technology under a White House administration that embraces innovation.
Wood, the CEO and chief investment officer of ARK Invest, believes that regardless of who wins the presidential election, there will be a boom in the tech sector due to fewer regulations. In a recent interview on CNBC’s “Fast Money,” Wood pointed out that both candidates have expressed similar views on this bipartisan issue.
One of ARK Invest’s flagship funds, the ARK Innovation ETF (ARKK), has seen significant fluctuations in performance. While the fund soared nearly 68% last year, it is down about 8% in 2024 and has experienced a significant decline since President Joe Biden took office.
Wood remains optimistic about the future prospects of the fund, especially with Tesla as its top holding. Despite the stock being relatively flat this year, Wood views it as a “robotic stock” driven by autonomous vehicles powered by AI. She believes that Tesla’s underperformance is temporary and that the real story is just beginning.
In addition to the ARK Innovation ETF, Wood is also behind the ARK Genomic Revolution ETF (ARKG), which focuses on AI in healthcare. Although the fund is down about 25% this year, Wood maintains her confidence in the strategy, particularly in the potential of companies like CRISPR Therapeutics and Beam Therapeutics to revolutionize disease treatment.
As experts in investing, Extreme Investor Network sees the value in staying ahead of the curve and identifying opportunities in transformative technologies. We will continue to monitor the developments in the market and provide our readers with unique insights and analysis to help them make informed investment decisions. Stay tuned to our website for more updates on this exciting journey in the world of investing.