TECH - EXCLUSIVE: Is Nvidia Overvalued? Cathie Wood Says Every Stock Could Become An AI Stock | Benzinga
While artificial intelligence is now becoming a household word for most investors, it’s been on Ark Invest founder Cathie Wood's mind for quite some time. Wood has been trading in and out of Nvidia Corp (NASDAQ:NVDA) since at least 2016, and she says the AI trade remains a good one — and it’s going to extend to most companies sooner than we may think.
What Happened: “Is it too late to invest in AI stocks?” Benzinga CEO Jason Raznick asks Wood in an exclusive interview that will air on "The Raz Report" at 2 p.m. ET Wednesday, Aug. 30.
“No,” Wood said. Any company with “proprietary data, domain expertise in their own business, as well as AI expertise” can leverage AI to become more competitive, she said, naming Twilio Inc (NYSE:TWLO) as an example.
The cloud communications platform has more than 1 trillion engagements between consumers and ...