Reported 9 days ago
Cathie Wood, founder of Ark Investment Management, emphasizes that software companies could become a significant opportunity in the AI sector, with potential revenue generation of $8 for every $1 spent on chips. She has invested in key AI startups and highlighted Amazon as a prime candidate for success due to its strong cloud computing platform, AWS, and innovative developments in AI solutions. With remarkable growth in AWS and strategic efficiency improvements in its e-commerce segment, Amazon's stock holds promise for substantial long-term gains.
Source: YAHOO