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Reuters
ARK’s Cathie Wood says Wall Street not in a bubble
Star stock picker Cathie Wood, head of ARK Invest, on Wednesday said she believed the U.S. stock market is not overvalued, and she talked up Tesla, her largest holding. “We are not in a bubble, that I know,” Wood said, speaking virtually at a Morningstar investment conference. “But I do believe the market is beginning to understand how profound some of these platform opportunities are, and how sustained and rapid the growth rates are going to be,” Wood said, referring to Tesla and other companies leveraging artificial intelligence and other emerging technologies.
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