Cathie Wood

Tokenizing the ARK Venture Fund puts our conviction in the evolution, if not revolution, of capital markets into practice. Based on our research, tokenization has the potential to reshape fundamentally the way that investors access and participate in both private and public financial markets. The ARK Venture Fund being available on chain is a natural extension of our mission to democratize access to technologically enabled disruptive innovation. Because it has built the regulated infrastructure to help make that vision a reality, we are excited to partner with @Securitize in taking this important step forward. Fund holdings and information: …

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I love visiting companies that are transforming the way the world works and making it a better place. @zipline is one of those companies. Keller and team, including lots of Tesla graduates, are doing amazing work!

At @RobinhoodApp's summit, an audience member questioned my credentials based on ARK’s performance relative to the Invesco QQQ Trust (QQQ). I welcome the question. Investors deserve to understand both their returns and the decisions behind them. My response focused on a distinction that often gets lost: the ARK Innovation ETF ($ARKK) and QQQ are built differently. QQQ tracks the Nasdaq-100 Index. At ARK, we actively invest in companies we believe are driving disruptive innovation across industries, from healthcare to financial services and transportation. That creates a different portfolio, with different exposures and risks. Investors s…

I love your perspective, intellect, and wisdom, @TeslaLarry !

Bill Ackman’s post about inflation took me back to the late 1970s, when similar concerns were everywhere. What followed was stronger growth and falling inflation, helped by the PC and software revolution. We believe today’s innovation platforms could have an even greater impact. Most people think our forecast for high single-digit real GDP growth is crazy. I understand why. We’ve spent our lives in a roughly 3% global growth world. But look at AI. At a fixed level of performance, inference costs are falling 99.99% a year. Yet OpenAI’s annualized revenue run rate has jumped from $20 billion to $70 billion. As prices fall, demand explodes. We…

With similar DNA and a goal to offer retail investors opportunities once reserved only for high net worth investors, Robinhood and ARK Invest are democratizing access to the amazing companies who are changing the way the world works and making it a better place. @RobinhoodApp

We are very happy to have introduced another private company, Kalshi, to our ETF strategies. To me, Kalshi’s management team is phenomenal, as it is skating to where the prediction markets puck will be.

At 0.5-2% interest rates, the “market”was not working. The Fed was in control. Today, the market is working. In 2017, interest rates increased as the Fed put the market on training wheels. Long duration equities had a fabulous year. Let the market work!

In 2007, yields were responding to speculation in housing, a non-productive asset, whereas today they are responding to capital spending, which has a huge “multiplier”. Revenues at OpenAI and Anthropic have soared 3- to 8-fold during the last 6-9 months!

More power to the agents, and the companies hosting those agents, in this vertically integrated tech stack!

In our morning meeting today, @MattarARK was not happy with the new OpenAI pricing regime. This evening, dots changed everything!

Already the premier frontier model provider across the price/performance Pareto frontier, @OpenAI has “opened” its services to “open” models. Brilliant!

We are very happy to have introduced another private company, Kalshi, to our ETF strategies. Kalshi’s management team is phenomenal, as it is skating to where the prediction markets puck will be. https://t.co/IkIuMsisYE

Interest rates seem to be rising because of real yields more than inflation. Real growth is surprising on the high side of expectations in this technology revolution. Looking forward to addressing @BillAckman’s hypothesis in “In the Know” on Friday.

Indeed! $AMZN $META

Starship is off the charts!

Let’s GO!

Thank you for sharing your GrokPod demo with us today, @BrianRoemmele ! We loved it.

Tokenizing the ARK Venture Fund puts our conviction in the evolution, if not revolution, of capital markets into practice. Based on our research, tokenization has the potential to reshape fundamentally the way that investors access and participate in both private and public financial markets. Making the ARK Venture Fund available on chain is a natural extension of our mission to democratize access to technologically enabled disruptive innovation. Because it has built the regulated infrastructure to help make that vision a reality, we are excited to partner with @Securitize in taking this important step forward. Fund holdings and information:…

I love engaging with brilliant entrepreneurs who are building and transforming the future. With thanks to @PeterDiamandis for bringing us all together, Moonshots LIVE will be out of this world!

In our view, thanks to this Technology Revolution, the equity market will continue to climb a “wall of worry” as real GDP growth accelerates to 7-8% while inflation surprises significantly on the low side of expectations, interest rates rise, and the yield curve inverts.

This analysis is pointing to an acceleration in long term real GDP growth well beyond 7-8%, the annual rate @ARKInvest is anticipating during the five years. Love this chart, @DMaguireARK!

Congratulations, Liz. What a journey!

As the stock market hits record highs in the face of higher interest rates, I believe the current Technology Revolution will continue to impact the global economy and equity markets more than the Industrial Revolution. This letter charts that perspective back through the 1800s.

Bitcoin is not a dead cat, @Jason ! It has many lives ahead. Check out our latest Bitcoin Brainstorm with @bitcoinpark_ focused on the convergence between AI and Bitcoin.

Congratulations, again, @NaveenGRao ! After selling Mosaic to Databricks, you remain a step ahead of the game.

Focused on the convergence between #AI and #Bitcoin, this episode of Bitcoin Brainstorm is one of our best yet with @bitcoinpark_ and @rodroudi.

Each Starship launch could generate $1 billion in revenue. Elon is aiming for 10,000 flights per year, or $10 trillion in Starship revenues, by 2030. If SpaceX achieves this goal, its $1.75 trillion IPO will be considered, in hindsight, a deep value opportunity!

.@DavidSacks makes a good case here that the “AI will kill humanity” headlines were orchestrated: they leaped into mainstream media from the dormant X account of an Anthropic employee who quit after six weeks. David names purported perpetrators and calls out the role @WSJ played. All technologies can be—and are—used for nefarious purposes. I believe that @elonmusk and others who are not political conspirators but highlight the potential risks associated with AI are doing us a great service. Half of the solution—including AI—is understanding the problem.