Cathie Wood Says Software Is the Next Big AI Opportunity -- 2 Super Stocks You'll Wish You'd Bought if She's Right
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Cathie Wood of Ark Investment Management predicts that software companies represent the next major opportunity in the AI industry, potentially generating significant revenue relative to their chip costs.
December 28, 2024 | 10:00 am
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POSITIVE IMPACT
Cathie Wood suggests that software companies could generate $8 in revenue for every $1 spent on chips from suppliers like Nvidia, indicating potential increased demand for Nvidia's products.
Cathie Wood's prediction implies that as software companies grow in the AI space, their demand for Nvidia's chips will increase, potentially boosting Nvidia's sales and revenue.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50