Cathie Wood Is Selling Nvidia and Buying This Artificial Intelligence (AI) Growth Stock

Cathie Wood is the founder and CEO of Ark Invest, an asset management company focused on disruptive innovation. Few technologies possess as much disruptive potential as artificial intelligence (AI), so it should come as no surprise that Ark owns a great many AI growth stocks. But investors may be surprised to learn that Wood has been selling shares of Nvidia (NASDAQ: NVDA) and buying shares of UiPath (NYSE: PATH). In fact, UiPath is now the second largest holding in Ark's portfolio, representing nearly 6% of its weighted exposure.

Here's what investors should know about these AI growth stocks.

Nvidia is a wonderful business backed by a strong investment thesis: The company invented the graphics processing unit (GPU), a semiconductor capable of accelerating complex workloads like graphics and AI. Indeed, Nvidia GPUs hold more than 90% market share in workstation graphics and data center accelerators, and Forrester Research says they are synonymous  with AI infrastructure. But GPUs are just the tip of the iceberg.

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Source Fool.com