Cathie Wood catches up with the ChatGPT craze as Ark's internet fund snaps up Microsoft stock for the 1st time
Ark Invest CEO Cathie Wood is catching up with the ChatGPT hype, now that her internet fund has loaded up on Microsoft stock for the first time.
While Ark's 3D printing fund owns Microsoft shares, the purchase is a first for its internet-focused exchange-traded fund. The internet ETF has added the old-school Big Tech — its fifth-smallest holding — to Coinbase, Roku, Tesla and Zoom. expects Microsoft to gain $40 billion in revenue over the next five-plus year thanks to its investment. Wood has long been a champion of AI, saying it could increase global labor productivity. She's also said she's pleased to see that ChatGPT haswho typically shun companies focused on disruption innovation.
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