Cathie Wood Sees AI and Tech Innovation Powering Growth Stocks Despite Economic Turmoil
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Cathie Wood believes artificial intelligence and other innovative technologies will lead to deflation and boost growth stocks.
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Wood's flagship Ark Innovation ETF has rebounded nearly 25% in 2023 after struggling the past two years.
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Wood predicts the economy will face a harder landing than expected, but not a 2008-style crisis.
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Key tech trends like AI, robotics and energy storage are converging and feeding exponential growth, according to Wood.
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Wood is bullish on stocks like Tesla, Zoom, Teladoc, UiPath and Archer Aviation due to their ties to disruptive innovation.