Casey Wood, the founder of ARK Invest, has been touting it vigorously recently.$Zoom Video Communications Inc (ZM.US) $It says the company's share price will reach $1500 by 2026, more than 13 times its current share price, meaning a compound annual growth rate of 76 per cent. As of press time, Zoom shares are trading at $110.4. Casey has been bullish on Zoom, and she even predicts that the stock will rise to $2000 in a bull market and $700 in a bear market.

It is understood that Zoom rose to an all-time high of US $588.84 in October 2020 at the peak of the outbreak, but has been declining ever since and has plummeted 80 per cent since then.

Currently, ARK's largest shareholding company is Zoom. Casey has two actively managed funds that have the largest portfolio weight in Zoom. One is the flagship fund ARK Innovation ETF, with a weighting of 9.49 per cent, equivalent to a market capitalization of $856.57 million. The other fund, ARK Next Generation Internet ETF, has a weight ratio of 8.14% and a market capitalization of $130.73 million.

The data show that the two funds have fallen 52.6 per cent and 51.1 per cent respectively since the beginning of the year.