MTTR - Here's the Newest Cathie Wood Metaverse Stock -- Is It a Buy?
It's no secret that Cathie Wood's ARK Invest funds like companies at the forefront of technology trends, and that's especially true of the firm's ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ) .
Wood is especially bullish on the metaverse, saying, "We're going to have our digital twins, and it's going to enable a lot of fun and efficiencies." We recently learned that the fund added a stake in spatial-data company Matterport (NASDAQ: MTTR) to its portfolio, buying over 530,000 shares on Monday, so here's an overview of what Matterport does, how it ties in with Ark's metaverse investment strategy, and how much potential this innovative business could have.
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Here's the Newest Cathie Wood Metaverse Stock -- Is It a Buy?