Is NVIDIA Overpriced? Cathie Wood's Ark Invest Highlights 3 Other AI Stocks
Portfolio Pulse from Chris Katje
Ark Invest, led by Cathie Wood, suggests that Nvidia's reign as the go-to AI investment may be waning due to its high valuation. Ark Invest is signaling investors to look at small-cap companies instead. The report highlights that mega-cap technology stocks saw a rally on the excitement surrounding AI possibilities, but this might be the wrong move for traders. Ark's favorite AI-related stocks include Tesla, UiPath, and Twilio.
August 21, 2023 | 5:20 pm
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NEGATIVE IMPACT
Ark Invest suggests Nvidia's reign as the go-to AI investment may be waning due to its high valuation.
The high valuation of Nvidia is seen as a potential risk by Ark Invest, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark's favorite AI related stock is UiPath.
Ark Invest's positive outlook on UiPath's role in AI could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark sees Tesla as one of the biggest beneficiaries of growth in AI.
Ark Invest's positive outlook on Tesla's role in AI could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark said Twilio could be best positioned to introduce artificial intelligence into customer communication channels.
Ark Invest's positive outlook on Twilio's role in AI could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80