TechBloomberg Tech1h ago
Ark's Wood Favors Nvidia, AMD in 'Volatile' Chip Cycle
TL;DRArk's Wood bets on Nvidia and AMD over traditional chipmakers due to AI cycle volatility.
Why it matters: Major fund manager's chip allocation signals where institutional money is flowing during AI boom.
Cathie Wood, founder, CEO and CIO of Ark Investment Management, discusses why she avoids traditional memory-chip players, saying the business cycle is "most volatile." Speaking on Bloomberg Television, Wood adds that we are "just at the beginning" of the artificial intelligence…
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