1 Artificial Intelligence (AI) Stock to Buy Before It Soars 2,170%, According to Cathie Wood's Ark Invest

Cathie Wood is the chief investment officer at Ark Invest, an asset management company that runs thematic index funds focused on disruptive technologies like artificial intelligence. Wood and her team currently manage a $13.5 billion portfolio, 3.1% of which is invested in Zoom Video Communications (NASDAQ: ZM).

Ark published a valuation model for Zoom in 2022 that outlined three possible trajectories the stock could follow through 2026. The base-case scenario, or the most optimistic plausible trajectory, posited a per-share price of $1,500, which now implies about 2,170% from the current price of $66 per share in the next two years. The odds of that happening, I think, are virtually zero, but Zoom still warrants closer consideration.

Here's what investors should know.

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Source Fool.com