Cathie Wood believes that she has found the next big thing in investing and has the data to back it up. We apologize, but this video didn't load.
Click here to see other videos from our team. Try refreshing your browser, or Cathie Wood calls AI the 'next big frontier' -- Here are 3 ways to profit from it. We were assuming that in the next 10 years artificial intelligence would deliver a market cap opportunity of $30 trillion, according to star stockpicker at a Milken Institute conference last month. Wood knows a lot about investing in the frontier of technology. Her flagship fund ARK Innovation ETF has delivered a total return of 472 per cent over the last five years, beating the S&P 500 over the last five years. It is probably a good idea to follow Wood's lead and at least look at the AI space.
Here are three attractive AI plays in today s market. Nvidia s graphics processing units have been a favorite among video game enthusiasts. The company's capabilities extend far beyond the gaming market. Its system on a chip solutions are widely used in the automotive and mobile computing markets. The chipmaker believes that it can play a crucial role in driving enterprise adoption of AI as well as being driven by the Santa Clara-based chipmaker. Nvidia's head of enterprise computing Manuvir Das earlier in the year said that they were ready to democratize AI and we are ready to make this thing usable for every enterprise customer. In general, the business at Nvidia is firing on all cylinders. Revenue went up 68 per cent year over the year and 15 per cent sequentially in Q 2 of its fiscal 2022.
The stock has been a market darling. The shares of Nvidia are up 124 per cent in 2021 and are now priced at over $300. Google's parent company Alphabet is a tech conglomerate with a market of nearly $2 trillion. It is not going to miss out on AI. AI is already integrated into the company's product line. When you search for something in Google, AI tries to find out what you are looking for and deliver results based on what it knows about you. Alphabet also owns Waymo, a car technology company that is owned by Alphabet. Waymo launched its fully automated robo-taxi service in Phoenix last year. Alphabet recently announced the creation of a new subsidiary - Isomorphic Laboratories - which will use AI methods for drug delivery. It was built off of the work done by Alphabet's AI subsidiary DeepMind.
Google is now trading at $2,900 per share after a nearly 70 per cent climb year to date. With a market cap of $4.9 billion, C 3. ai is small compared to Nvidia and Alphabet, and some investment apps like Wealthsimple will allow you to pull a stake using fractional shares. If you believe in Wood's AI market projections, this stock shouldn't be ignored. The company is so focused on the technology that it not only has AI in its name, but has also claimed AI as its stock symbol. C 3. ai is an enterprise AI software provider, which generates the bulk of its money from subscriptions sold to businesses from a wide range of industries.
The total revenue came in at $52.4 million, up 29 per cent. C 3. Ai's total enterprise AI customer count was 98 at the end of the quarter, an increase of 85 per cent over the year. The stock's performance hasn't been rosy. C 3. Ai shares are down more than 65 per cent in 2021, giving contrarian tech traders something to think about. There are a lot of players in the AI arena and only time will tell which ones will be the ultimate winners. You should always do your due diligence.
The Citi Global Art Market chart shows that if you don't like to get involved in the stock market at the moment, you might want to check out an overlooked asset that has surpassed the S&P 500: fine art contemporary artwork by a commanding 174 per cent over the past 25 years. Investing in art by the likes of Banksy and Andy Warhol used to be an option only for the ultra-rich, like Wood. You can invest in iconic artwork with a new investing platform, just like Jeff Bezos and Bill Gates do. This article was created by Wise Publishing. Wise is devoted to providing information that helps readers navigate the complex landscape of personal finance. Wise only partners with brands it trusts and believes may be helpful to the reader. This article is not intended to be construed as advice. It is provided without any warranty of any kind.