Reported 8 months ago
Ark Investment Management CEO Cathie Wood believes that software companies present a significant opportunity in artificial intelligence (AI), with the potential to generate $8 in revenue for every $1 spent on chips. Wood's investment approach is reflected in Ark's ETFs, such as Tesla being a major holding due to its self-driving software. Amazon and Duolingo are identified as potential super stocks in the AI software space, with Amazon utilizing AI across various business segments and Duolingo incorporating AI-powered features in its language education platform to drive revenue growth.
Source: YAHOO