Ark Invest CEO CathieDWood explains why Nvidia stock exploded and what the ‘real’ AI play is
Tech company Nvidia has come out swinging as an leader in recent days, but Ark Invest CEO Cathie Wood allegedly saw their potential back in 2014.
"Back then it was just a sleepy old PC gaming chip company, but we saw it back then as an A.I. company," the famed stock investorThursday. "Now what we're seeing with Nvidia, this massive move today and since we bought it at $5 to today's almost $380, we are seeing the picks and shovels movement in the A.I. theme."
"So Nvidia has done a lot of heavy lifting over the years," the investor continued, "and it is the No. 1 hardware play in A.I."
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