PRNT - This Ark Invest Stock Could Make You Richer in 2021
Ark Invest is known for its focus on investing in disruptive technologies, and industrial software company PTC (NASDAQ: PTC) certainly fits the description. The stock is one of the top 10 positions in ARK's 3D Printing ETF (NYSEMKT: PRNT) largely due to its computer-aided design (CAD) software. However, there's a whole lot more to like about the company, not least its exposure to the so-called fourth industrial revolution, or Industry 4.0. Let's take a look at what that is and why PTC is such an attractive stock for investors.
If the third industrial revolution was characterized by the increasing deployment of automation and computerized systems, then the fourth can be defined by the usage of Internet of Things (IoT) connectivity and digitization. It doesn't stop there, because the massive amounts of data produced by using web-enabled devices and digitized factories means a huge opportunity for data analytics to improve the functioning of a physical asset.
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This Ark Invest Stock Could Make You Richer in 2021