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WATCH: Cathie Wood of ARK Investment Management shares her views on companies involved in artificial-intelligence including Nvidia.Source: Bloomberg

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By Winnie Hsu

May 31, 2023 at 2:34 AM UTC

Updated on

May 31, 2023 at 3:16 AM UTC

This article is for subscribers only.

Cathie Wood said software providers will be the next to ride on the artificial intelligence frenzy driven by Nvidia Corp.

“We are looking to the software providers who are actually right now where Nvidia was when we first bought it,” Wood, CEO and founder of Ark Investment Management LLC, told Bloomberg TV on Wednesday. While Nvidia is expected to do well over time, Ark is “onto the next thing,” she added.