Cathie Wood believes society is in the midst of an unprecedented rise in innovation. Technologies such as artificial intelligence (AI) and robotics could lead to a boom that will continue to bring outsize gains to many stocks.

Indeed, Wood has purchased dozens of stocks seeking to capitalize on the various innovations her team at Ark Invest has targeted. And buying high-quality stocks that have fallen recently increases the chances of earning high returns over a decade. With that in mind, now might be a good time to look at Block (NYSE: SQ), UiPath (NYSE: PATH), and The Trade Desk (NASDAQ: TTD).

Block's shares have struggled amid lower gross payment volumes and the slowing growth in gross profits. The company, which owns the Square ecosystem and the digital wallet Cash App, has frustrated investors with its profit picture as it has reported lower but continuing net losses. The stock fell 14% the day after its Aug. 3 quarterly report, and its slide continued in subsequent trading sessions.

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Source Fool.com