In a recent investor letter, Cathie Wood, the CEO of ARK Invest, emphasized the pivotal role of NVIDIA in the company’s performance, despite short-term challenges. Wood, in her letter to investors, underscored Nvidia’s significant contribution to ARK’s performance since its inception in October 2014. She identified Nvidia as a crucial player in the AI space. “Early on, we identified Nvidia as the premier "picks and shovels" play in the AI space, Wood wrote.
