As reported by TheMarketPeriodical, Cathie Wood and ARK Invest have invested over $140 million in AI and crypto-related stocks, including Alphabet, Coinbase, and Circle. Wood argues that AI is in its early stages and dismisses concerns of a bubble, citing strong consumer adoption and enterprise demand. ARK’s purchases occurred over two days, with major investments in companies like Deere & Co., which the firm views as a robotics and automation player. Wood also highlighted a $300 billion liquidity inflow expected in the coming weeks, which she believes will support growth stocks.
Cathie Wood Rejects AI Bubble, ARK Invest Buys $140M in AI, Crypto Stocks
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