Cathie Wood's Top 3 AI Stocks This Year See Big Returns But Face Uncertainty
• Cathie Wood's top 3 AI stocks this year are Nvidia, Meta Platforms, and Palantir Technologies, which have all seen triple-digit returns in 2023.
• Nvidia remains a top holding for Ark Invest despite reductions, while Meta and Palantir are smaller positions across several Ark ETFs.
• Nvidia faces valuation concerns and increased competition, but should remain a long-term winner.
• Meta appears undervalued considering growth prospects and is viewed as a great AI stock to buy and hold.
• Palantir has the weakest outlook of the group with a high valuation and slowing revenue growth.