Here's How Cathie Wood (Almost) Completely Missed the Boat on Artificial Intelligence (AI) -- and...

Published on 2 Jun 2024 on Motley Fool via Yahoo Finance

Here's How Cathie Wood (Almost) Completely Missed the Boat on Artificial Intelligence (AI) -- and...

Cathie Wood's ARK Invest rose to prominence during the 2020 and 2021 boom in unprofitable growth stocks and was helped along by a high concentration in Tesla (NASDAQ: TSLA) -- which soared a staggering 743% in 2020.

But over the last five years, all the major Ark exchange-traded funds (ETFs) have underperformed the S&P 500 and the Nasdaq Composite. Here's how Ark Invest lost its edge over the market, why the funds have largely missed the boat on artificial intelligence (AI), and how you can avoid making the same mistake.

A person rests their chin on their hand while sitting at a desk and looking disappointed while staring at a desktop computer screen. Image source: Getty Images.

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Here's How Cathie Wood (Almost) Completely Missed the Boat on Artificial Intelligence (AI) -- and...

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