Cathie Wood believes AI software companies will be lucrative

From Nasdaq: 2024-07-02 08:55:00

Cathie Wood of Ark Investment Management believes AI software companies will be lucrative, with $8 revenue generated for every $1 spent on chips. CrowdStrike, a leader in AI-powered cybersecurity, is poised for growth as it differentiates through AI models and cloud-based platform approach. Meta Platforms, using AI to enhance user experience, offers potential investment opportunity with cheap stock valuation and new AI monetization prospects. CrowdStrike and Meta Platforms emerge as potential winners in the AI software market.



Read more at Nasdaq: Cathie Wood Says Software Is the Next Big AI Opportunity — 2 Supercharged Stocks You’ll Regret Not Buying if She’s Right