Cathie Wood Says Nvidia Is an "Obvious" AI Buy -- but She Still Doesn't Own Any
When Ark Invest's Cathie Wood speaks, growth investors pay attention. Her innovation-focused funds have crushed the broader market under some circumstances and lagged behind in other market conditions, but are still seen as trendsetters in risk assessment and long-term growth investing.
This week, Cathie Wood is rising eyebrows on Wall Street with a seemingly self-contradictory review of semiconductor giant Nvidia (NASDAQ: NVDA). In an interview with Bloomberg TV on Monday, Wood called the stock an "obvious" play on artificial intelligence (AI) even though her Ark Innovation ETF (NYSEMKT: ARKK) closed out its Nvidia position on Jan. 5.
So Wood thinks Nvidia is an obvious vehicle for investing in the future of AI, but she still isn't buying the stock. What gives?
Source Fool.com
