Cathie Wood believes that she’s found the next big thing in investing — and has the data to back it up.
“We were assuming that in the next 10 years, artificial intelligence would deliver, in the enterprise software space, a market cap opportunity of $30 trillion,” the star stockpicker said at a Milken Institute conference last month. “Our new number is $80 trillion.”
“We think that is the big new frontier.”
Wood knows a thing or two about investing in the frontier of technology.
Despite recent turbulence, her flagship fund ARK Innovation ETF has delivered a total return of 472% over the last five years, substantially outperforming the S&P 500 over the same period. So it’s probably a good idea to follow Wood’s lead and at least take look at the AI space.
Here are three…