Ark Invest's Tasha Keeney names her favorite sectors to play the AI boom, including one she described as 'very hot.'
As the buzz around artificial intelligence continues to build, investors are looking to identify the sectors best placed to benefit. Ark Invest's Tasha Keeney is no different. Keeney, director of investment analysis and institutional strategies at the asset manager, estimates that the equity market capitalization attributable to innovation will jump to $220 trillion by the end of the decade, from the $15 trillion-$20 trillion it is at right now. "Most of that ...
"Sure, it's not perfect yet, it still messes up in specific scenarios. But what we're relying on here is the data advantage that Tesla that's very important in AI in general," she said. Shares in Tesla are down around 1.8% over the past 12 months. Ark Invest has a target price of $200 on the stock, but Keeney said this is in the process of being updated. Tesla was trading around $178 on Friday. A number of analysts are now cautious on the stock.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
43 Problem-Solving Products Reviewers Say Are Worth ItIncluding a $28 item that saved one reviewer from buying a new $1,000 vanity.
Read more »
Dogecoin (DOGE) Overtakes Cardano (ADA). Is Shiba Inu (SHIB) Next?Dogecoin (DOGE) has risen to become the eighth-largest cryptocurrency by market cap, surpassing Cardano (ADA) with a valuation of $28 billion
Read more »
Let’s Invest in Imagination, Shall We?In the final days of Paris Fashion Week, designers put the value of ideas ahead of items.
Read more »
South32 to invest $2.1 billion in Hermosa project in ArizonaNo 1 source of global mining news and opinion
Read more »
26 Products That Work So Well, You May Want To Invest In MultiplesA list of practical things that you'll definitely want backups of.
Read more »
Reddit is going public and inviting power users to investMore than two years after first filing to go public, Reddit has detailed its finances and invited power users to invest in its imminent IPO.
Read more »