Founder, CEO and CIO of ARK Invest (2014), which runs actively managed high-conviction ETFs (flagship ARKK) concentrated in disruptive innovation — EVs, AI, genomics, fintech and crypto.
- When
- ARK's signature bet since its 2014 launch; Wood issued a $4,000 target (split-adjusted ~$800) in February 2018, when shares traded near $346 and Wall Street's highest target was about $500.
- Why
- Wood calls Tesla the biggest AI play out there, expecting a robotaxi fleet built on Full Self-Driving to drive most of its value; ARK set a $2,000-by-2027 expected value with a $2,500 bull and $1,400 bear case.
- Status
- Long ARK's largest and most iconic position and still a top ARKK holding, but as an actively managed ETF stake it is disclosed daily and ARK adds to or trims it frequently.
Benzinga via inkl.com, 2018 call ↗CleanTechnica, 2023 ↗Fortune, 2023 ↗Full Cathie Wood profile →