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Cathie Wood: Convergence of Disruptive Technologies Cathie Wood Anticipates ‘Convergence of Disruptive Technologies’

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Cathie Wood and the Ark Invest team envision a decade defined by the convergence of disruptive technologies. In particular, they emphasize five specific technology platforms: artificial intelligence, public blockchains, multiomic sequencing, energy storage, and robotics.

β€œTechnological convergence could create tectonic macroeconomic shifts more impactful than the first and second industrial revolutions,” the ARK team stated in the ETF issuer’s Big Ideas 2024 annual report.

β€œCatalyzed by breakthroughs in artificial intelligence, the global equity market value associated with disruptive innovation could increase from 16% of the total* to more than 60% by 2030. As a result, the annualized equity return associated with disruptive innovation could exceed 40% during the next seven years, increasing its market capitalization from ~$19 trillion today to roughly $220 trillion by 2030,” ARK Invest’s report added.

See the below chart generated by Ark Invest highlighting the growing conversations around AI and its future.

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Highlighted below are the 2024 returns of Wood’s six actively managed exchange traded funds:

  • ARK Innovation ETF (NYSEARCA:ARKK) -13.3% YTD.
  • ARK Next Generation Internet ETF (NYSEARCA:ARKW) -8.3% YTD.
  • ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) -9.1% YTD.
  • ARK Genomic Revolution ETF (BATS:ARKG) -13.3% YTD.
  • ARK Fintech Innovation ETF (ARKF) -7.4% YTD.
  • ARK Space Exploration (ARKX) -7.4% YTD.

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