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AI热潮不只有英伟达,木头姐:软件股是下一个目标

AI boom is not limited to Nvidia, Sister Mu Tou: Software stocks are the next target

Zhitong Finance ·  May 31, 2023 14:45

Source: Zhitong Finance Author: Li Junping

Cathie Wood (Cathie Wood), CEO of Ark Investment Management (Ark Investment Management), said on Wednesday that software vendors will be the next to take advantage of$NVIDIA (NVDA.US)$The person driving the artificial intelligence boom. “We're looking for software vendors who are actually the same now as when we first bought Nvidia,” she said. While Nvidia is expected to achieve good results over time, the Ark Foundation is moving towards its next goal.”

According to information, ARK Innovation ETF (ARKK.US), the flagship fund of Ark, reduced Nvidia's stock holdings in January of this year, missing out on the epic rise that allowed the chipmaker's market capitalization to break through 1 trillion US dollars in a short time. In response, Wood defended his decision to sell Nvidia shares, saying it was concerned about the boom-bust cycle in the computer chip industry and said it was “priced ahead of schedule.”

Instead, Wood is betting on software stocks. She expects these stocks to eventually grow to the size of Nvidia, and$UiPath (PATH.US)$,$Twilio (TWLO.US)$with$Teladoc Health (TDOC.US)$For example, Wood's fund holds these three stocks.

“Nvidia will receive $8 in revenue for every $1 in hardware, software providers, and SaaS providers sold,” Wood said.

According to reports, Wood is betting on three companies that are far below their high points. Among them, New York-headquartered UiPath rose above $85 per share after listing in 2021, and has since fallen by about 80%. Additionally, San Francisco-based Twilio fell 85% from its peak in 2021, and Teladoc Health fell more than 90% from its peak in the same year.

Finally, Wood reiterated that Tesla (TSLA.US) is “the biggest artificial intelligence game” and expects the company's stock price to rise from around $200 currently to $2,000 in 2027 due to its autonomous driving technology.

Wood said, “We believe that by 2038, the global autonomous taxi platform will generate $10 trillion in revenue from almost zero levels. A lot of people think Tesla is a car stock. We don't think so; we think it's far more than that.”

It is worth mentioning that the Ark Innovation ETF has fallen by more than 10% since its peak in early February, while the Nasdaq 100 Index rose 12% during the same period.

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