Topline
Famed stock picker Cathie Wood, the chief and founder of asset manager Ark Invest, said on Wednesday that software providers will be the next companies to benefit from booming interest in artificial intelligence as investors capitalize on the enthusiasm that propelled chipmaker Nvidia into the rarified cadre of companies with a $1 trillion valuation.
Key Facts
Wood, in an interview with Bloomberg TV, said Ark is looking forward to software providers as the next big beneficiaries of the wave of enthusiasm on Wall Street driven by advances in AI after Nvidia on Tuesday temporarily became one of just six public companies in the world valued at over $1 trillion.
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