Prediction: This Cathie Wood AI Stock Will Be a Top Ark Invest Holding by 2028

Ark Investment CEO Cathie Wood has described artificial intelligence (AI) as one of the major areas of innovation and describes the potential gains as "astounding and shocking." Through various ETFs, her firm holds shares in numerous AI stocks and the technology is likely at least one major factor in why her investment firm has purchased stock in , Zoom Video Communications, UiPath, and others.

The potential of AI likely also inspired Ark Invest to resume its investment in Palantir Technologies (NYSE: PLTR). Following the announcement of its AI platform, Palantir AIP, earlier this month, Ark bought more than 4 million shares. And given the potential of Palantir's AI technology, it could gain a position as one of Ark's top holdings in five years. Here's why.

Admittedly, the Palantir move might have come as a surprise given Ark's history with the stock. Ark held more than 30 million shares of Palantir in February 2022 before selling the entire position, according to data compiled by the website Cathie's Ark.

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Source Fool.com