HomeMarket News The Billion Dollar Brainchild: Cathie Wood's Ark Invest Eyes $28 Trillion AI...

The Billion Dollar Brainchild: Cathie Wood’s Ark Invest Eyes $28 Trillion AI Jackpot with Tesla, Drones, and More

Actionable Trade Ideas

always free

stock market bse nse 1

The Future of Finances

The world of artificial intelligence (AI) is on the cusp of a revolution, with Ark Invest analyst Tasha Keeney spearheading a $28 trillion pursuit. Keeney’s eagle eye has picked out critical sectors set to thrive, including Tesla Inc and drone technology.

Foreseeing the Fortune

In her role as the director of investment analysis and institutional strategies at Ark Invest, Keeney envisions the equity market capitalization tied to innovation skyrocketing to $220 trillion by 2030, largely propelled by AI, CNBC unveiled recently.

Ark in the Limelight

Ark Invest, renowned for its emphasis on cutting-edge innovation, has stakes in diverse fields like autonomous vehicles, drones, robotics, energy storage, 3D printing, and space exploration through its Ark Autonomous Tech & Robotics ETF (ARKQ).

Roadblocks and Rockets

β€œAutonomous cars are navigating urban landscapes worldwide today. We foresee significant expansion in the next decade. This alone could be a $28 trillion enterprise value opportunity due to its disruptive nature,” she shared with CNBC’s β€œStreet Signs Asia.”

Tesla’s Tilt

Pointing to Tesla as a pivotal player in this sphere, she commended the company’s continued strides in self-driving technologies.

Target Locked

Despite a slight 1.8% decline in Tesla’s shares over the past year, Ark Invest has aimed at a $200 price target for the stock, presently hovering around $178. Keeney also emphasized the burgeoning relevance of drone tech, not only in defense but also spanning various sectors.

Implications and Insights

This discourse comes amidst Ark Invest’s shedding of Nvidia shares owing to its stretched valuation. However, the firm has been channeling investments into crucial suppliers of the chipmaker like Taiwan Semiconductor Manufacturing Company Ltd.

Future Visions

Ark Invest’s optimistic stance on AI and other transformative technologies has manifested in its predictions of accelerated U.S. economic expansion. Chief Futurist Brett Winton foresees an average 7% annual real GDP swell during this economic cycle.

Reflections and Revelations

Although Ark Invest’s early recognition of Nvidia’s AI potential has been lauded, their premature exit from the position has led to a missed opportunity for the flagship Ark Innovation ETF.

Engineered by Benzinga Neuro, Edited by
Kaustubh Bagalkote

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you.
Learn more.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.