Cathie Wood Bet $712 Million on Zoom Stock. Where Will It Be in 2 Years?
With a share price of $70, Zoom Video Communications (NASDAQ: ZM) is down quite substantially from its peak of $568 in late 2020. The pandemic-era darling suffers from stagnating growth and a lack of platform differentiation from rivals like Microsoft Teams and 's Google Meet, which provide similar video conferencing services.
However, according to famous technology investor Cathie Wood, Zoom's fortunes could change dramatically as it embraces new opportunities. Let's explore what the future could hold for the struggling company.
Since its founding in 2014, Cathie Wood's investment management company, Ark Invest, has become a household name because of its focus on disruptive innovation, which can generate outsize returns when things go well.
Source Fool.com
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