Despite technology shares driving markets to record highs this year, there is plenty of room for more gains to come from stocks tied to Artificial Intelligence.
Ivonne Flores Kauffman, BNN BloombergCathie Wood, CEO and CIO at ARK Invest, and Kevin Prins, managing director at head of distribution at BMO ETFs, join BNN Bloomberg to discuss investing in AI, t
Wood’s main fund no longer has a stake in major technology names like Nvidia, Microsoft and Taiwan Semiconductors, preferring smaller names in the AI space as better values right now. Not having a stake in those high-flying large-cap names has contributed to her fund’s lagging the Nasdaq this year, but she says that the fund’s exposure to smaller AI names represents a better value that could soon be poised to take off.
“The autonomous taxi network opportunity and the entire ecosystem around it will generate in the next five to 10 years US$8 to $10 trillion in revenue,” and half of it will go to Tesla.
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