Reported 2 days ago
Cathie Wood, founder of ARK Invest, asserts that Nvidia remains a high-growth stock despite a recent post-earnings sell-off. Speaking at the Bitcoin Investor Week conference, she expressed confidence in Nvidia's potential for a 20% compound growth rate, even facing competition from AMD and Amazon. Wood highlighted Nvidia's significant role in the AI revolution and reiterated her commitment to holding the stock, despite concerns about profit margins due to competitive pressures.
Source: YAHOO