Cathie Wood Likes This Up-and-Coming Artificial Intelligence (AI) Stock a Lot More Than Nvidia. Should You?
Cathie Wood is about as big of a believer in the potential of artificial intelligence (AI) as you'll find. She told Yahoo Finance Live in an interview earlier this year, "AI is going to enable the most massive productivity increase in our history."
Her Ark Invest team released a report predicting that the economic impact of the increased productivity around the world resulting from AI could total close to $200 trillion. Unsurprisingly, Wood and Ark Invest are bullish about several AI stocks.
You might think that Nvidia (NASDAQ: NVDA) would rank near the top of the list. AI companies are buying Nvidia's graphics processing units hand over fist. However, the chipmaker actually isn't among Wood's favorite AI stocks these days. She likes one up-and-coming AI stock a lot more than Nvidia.
Source Fool.com
