In 2020, I rode the Cathie Wood Hype Train, alongside all of Reddit’s r/wallstreetbets! For those of you who don’t know, Cathie Wood is the famous (or infamous) CEO and Chief Investment Officer of Ark Invest. Her investing philosophy is a lot different than traditional investing firms, as she focuses on innovative technologies such as artificial intelligence, genomics, and blockchain. Her name started flooding the media in 2020, when her Ark ETFs dramatically outpaced the market due to her strong conviction in companies like Tesla.
|
About 3 years later and her Ark ETFs aren’t doing as well as they once were. Her most famous ETF, ARKK, is up 19.2% for the past year and 10.0% for the past 5 years. This is in contrast to the S&P 500 (SPY), which is up 20.4% for the past year and 84.8% for the past 5 years!
|
Believe it or not, I am still a huge fan of Cathie’s Investment philosophy. Like her, I’m a true believer in next-generation innovative technologies. However, I also believe that a company’s financial health plays a huge role in its future success. So, I’m going to use AI to analyze some of the top holdings that are currently in Cathie Wood’s ARKK ETF.
|
|
