Wood, Ark Invest Buy Microsoft, Meta Stocks Again, Seeing AI Potential
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Cathie Wood and Ark Invest are buying Microsoft and Meta Platforms stocks again, seeing major potential from advancements in AI.
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Microsoft is positioned as a leader in providing cloud services for AI development and enterprise AI software.
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Meta has made big strides with its Llama 2 AI model, which outperforms competitors and is highly efficient.
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Meta is using its AI advancements to power new products like chatbots and improved ads.
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Both Microsoft and Meta trade at reasonable valuations compared to future earnings potential, presenting an opportunity.