Cathie Wood Shuns Nvidia for Less ‘Obvious’ AI Software Bets
- Wood said companies like UiPath, Twilio worth monitoring on AI
- Her ARK Innovation ETF fund sold Nvidia before chipmaker rally
Cathie Wood.
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Cathie Wood, who heads Ark Investment Management, said there are better bets to tap into the exponential growth in artificial intelligence than Nvidia Corp., the chipmaker that’s seen its shares surge more than 180% this year.
“We’re really focused on those companies that most people aren’t talking about right now,” Wood said at an investor conference in Munich. “Nvidia’s easy, but it’s also really expensive and very obvious.”