2 Artificial Intelligence (AI) Growth Stocks Make Up 14% of Cathie Wood's Portfolio
Cathie Wood is the founder and CEO of Ark Invest, an asset management company focused on disruptive technology stocks, especially those that use artificial intelligence (AI). For instance, Ark has made (NASDAQ: TSLA) and UiPath (NYSE: PATH) its two largest holdings. They account for 8.2% and 6.1% of its portfolio, respectively, signaling high conviction.
Here's what investors should know about these AI growth stocks.
Tesla led the auto industry in battery electric vehicle (BEV) sales with 24% market share in the first quarter, while runner-up BYD accounted for 15% of BEV sales. The company also reported the highest operating margin among volume automakers in 2022, an achievement CEO Elon Musk attributes to unparalleled manufacturing technology, and management believes the company can maintain its industry-leading margins in 2023 and beyond.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 71 Buy predictions and 28 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 12.91% compared to the current price of 219.65 € for Tesla Inc.
