Enthusiasm over artificial intelligence has pushed the tech-focusedInvesco QQQ(NASDAQ:QQQ) ETF to impressive returns in 2024. A new report from investorCathie Wood's ARK Investoutlines future AI disruptions and its capacity to shape the markets.

The Shift to AI:The report said consumers' adoption of AI will be much faster than their adoption of previous technologies, such as the smartphone and the personal computer.

"Our research suggests that AI-enabled consumer hardware — defined as hardware with integrated AI agents — could penetrate 50% of the U.S. internet user base in fewer than four years, and nearly 75% penetration...