ARK Invest CEO Cathie Wood said she did not participate in Arm’s IPO last week, as the chip designer was overvalued relative to its competitive position.
, the ARK ETF resurged this year, as investors flocked to stocks with AI exposure. Wood said that the anticipation of interest rates peaking would further this trend.
With inflation coming down across major economies and with central banks expected to begin unwinding their aggressive monetary policy tightening over the next year, Wood suggested the coming period"should be a very good environment for innovation and global megatrend strategies."
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