Cathie Wood Thinks AI Will Create a $13 Trillion Software Opportunity -- 2 Unstoppable Stocks to Buy if She's Right
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Cathie Wood is the founder and CEO of Ark Investment Management, which operates a portfolio of exchange-traded funds (ETFs) that invest in innovative technology companies. Each year, the firm releases a new issue of its "Big Ideas" report featuring predictions for its biggest areas of interest, whether it be artificial intelligence (AI), cryptocurrency, or autonomous vehicles.In the 2025 edition, Wood and her team said AI will significantly reduce the cost of software development because virtual assistants like ChatGPT will eventually write more code than human programmers. Since software often boosts productivity, Ark predicts lower costs will trigger a demand explosion that could translate into a $13 trillion opportunity across the industry by 2030.Confluent (NASDAQ: CFLT) and Datadog (NASDAQ: DDOG) offer a growing portfolio of tools that are critical to software and AI development, so their respective stocks could soar if Ark's predictions are right. Here's why both of them could be great buys for the long term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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