Cathie Wood Says Software Is the Next Big AI Opportunity -- 2 Ark ETFs You'll Want to Buy if She's Right

Cathie Wood is the founder of Ark Investment Management, which operates several exchange-traded funds (ETFs) focused on innovative technologies. In 2023, she predicted software companies would be the next big investment opportunity when it comes to artificial intelligence (AI), saying they could generate $8 in revenue for every dollar they spend on chips from suppliers like Nvidia. Wood positioned many of Ark's ETFs to reflect that view. The Ark Innovation ETF (ARKK -0.57%) and the Ark Autonomous Technology ...