ARKX - ARK Is Investing in Space Exploration: These 2 Tech Stocks Could Blast Off
Cathie Wood's ARK Invest recently launched its ARK Space Exploration & Innovation ETF (NYSEMKT: ARKX) . This is the firm's latest actively managed exchange traded fund , and it's designed to give investors exposure to various tech and aerospace companies that enable or benefit from space exploration.
NVIDIA (NASDAQ: NVDA) and Trimble (NASDAQ: TRMB) are two of the top 10 holdings in this relatively new ETF, and both of these companies look like good long-term investments. Here's why.
NVIDIA pioneered the graphics processing unit (GPU), a type of semiconductor (or chip) designed to process lots of data very quickly. GPU technology makes it possible to accelerate heavy workloads like artificial intelligence , data analytics, and scientific computing.
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ARK Is Investing in Space Exploration: These 2 Tech Stocks Could Blast Off