Cathie Wood's Ark Invest Thinks Apple, Alphabet, and Nvidia Are Risky. Here Are 2 Artificial Intelligence (AI) Stocks That Could Be Better.
How bullish is Cathie Wood about artificial intelligence (AI)? It's one of her Ark Invest's "big ideas" for 2023. Ark believes that AI "is the most important catalyst" of all for creating "super-exponential growth."
Earlier this week, Ark Invest published a report that examined the best approaches for investing in AI. Its client portfolio manager, Thomas Hartmann-Boyce, wrote that megacap AI leaders including Apple, , and Nvidia are risky. However, Ark Invest -- and presumably Wood herself -- think that there are two AI stocks that could be better.
Apple, Alphabet, and Nvidia have been huge winners with this year's AI boom. But Ark sees two primary risks for these tech giants: high valuations and the potential for disruption.
Source Fool.com