1 Surprising Artificial Intelligence (AI) Growth Stock to Buy Before It Soars 2,175%, According to Cathie Wood's Ark Invest
Many investors have lost interest in Zoom Video Communications (NASDAQ: ZM) since the pandemic faded, and I doubt many consider it a worthwhile artificial intelligence (AI) stock today. But Cathie Wood's Ark Invest remains very bullish. The firm has 4.6% of its invested assets in Zoom, and the stock is the sixth-largest holding across its portfolio of innovation-focused index funds.
That conviction may surprise some investors, but Ark published a valuation model last year that posits substantial growth opportunities in AI-enabled communications software driven by digital transformation and increasingly mobile workforces. Wood and her team believe Zoom could trade at $1,500 per share by 2026, implying 2,175% upside from its current price.
Here's what investors should know.
Source Fool.com
