Ark Investment Management CEO Cathie Wood explains her preference for Nvidia and AMD over traditional memory-chip companies due to market volatility.
Key facts
- •Cathie Wood serves as the founder, CEO, and CIO of Ark Investment Management.
- •Wood stated that traditional memory-chip businesses are the most volatile segment of the semiconductor industry.
- •Ark Investment Management prioritizes semiconductor exposure that is less cyclical.
- •Wood identified Nvidia and AMD as companies that fit her firm's investment strategy.
- •Wood believes the artificial intelligence revolution is currently in its beginning phase.
Cathie Wood, the founder, CEO, and CIO of Ark Investment Management, stated that her firm prefers semiconductor investments that are less cyclical. Speaking on Bloomberg Television, Wood identified Nvidia and AMD as preferred holdings while noting that she avoids traditional memory-chip manufacturers due to the high volatility of their business cycles.
Investment Strategy and AI Outlook
Wood characterized the current semiconductor market as being at the 'less-cyclical end of the spectrum' regarding her firm's exposure. She emphasized that the artificial intelligence revolution is currently in its early stages.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Technology.
