Cathie Wood's Ark Innovation ETF Surges on AI Bets, Led by Tesla and Roblox

Cathie Wood's Ark Innovation ETF (NYSEMKT: ARKK) has been one of the best performing ETFs in the market recently. In less than three months since the April lows, the ETF has gained more than 75%.Of course, the entire stock market has rebounded during that period. In fact, the S&P 500 hit a fresh all-time high on the day this was written. But the Ark Innovation ETF has outperformed all of the major stock indices recently. Let's look at what is driving the performance, and whether this AI-focused ETF could be a smart buy right now.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool