Cathie Wood of Ark Invest has a keen eye for spotting innovative companies with future potential. Wood recently purchased shares of Meta Platforms, a top AI stock, and a member of the Magnificent Seven tech stocks. She also invested in Alphabet, another reasonably priced Magnificent Seven stock with strong growth potential in AI through Google Cloud. Additionally, Wood acquired shares of CoreWeave, a GPU-as-a-service company specializing in AI workloads, offering a promising opportunity for growth investors.

Meta Platforms, known for social media apps like Facebook and Instagram, generates significant earnings through advertising. The company is focused on AI growth, investing in AI platforms like Meta AI to enhance user experience and boost long-term growth potential. Wood’s recent purchase of Meta Platforms shares indicates her confidence in the company’s AI future.

Alphabet, with Google Search and Google Cloud, drives growth through advertising and AI services. The company is well-positioned to become a major player in AI, attracting customers for AI chips and systems through Google Cloud. Wood’s recent purchase of Alphabet shares shows her belief in the company’s potential in the evolving AI landscape.

CoreWeave, a GPU-as-a-service company, has seen explosive revenue growth in AI workloads, despite not yet being profitable. The company’s focus on AI expertise and capacity building makes it an attractive investment for growth investors like Wood. With a recent drop in stock price, CoreWeave presents a compelling opportunity for investors looking for AI bargains.

Read more at Nasdaq: Cathie Wood Goes Bargain Hunting: She Just Loaded Up on 2 Cheap Magnificent Seven Stocks and an AI Player That’s Dropped 60% From Its Peak.