Artificial intelligence is rapidly changing the world we live in and is poised to transform the stock market in the coming years. In this article, we will explore the reasons why AI stocks will experience explosive growth and the key players in this market.
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Ark Invest Funds Lead the Way in AI Stock Investments
Kathy Woods, the founder of Ark Invest, has been betting billions of dollars on innovation and her funds have skyrocketed by 25% or more since the start of the year. The flagship Innovation fund has even increased by more than 35% over the last few weeks. Despite the current focus on inflation, Woods has been betting on AI and its potential to provide more value and meet people’s needs.
AI at the Heart of Innovations
AI is central to the innovations happening in all aspects of our daily lives, from transportation and robotics to gene sequencing, cloud computing, social media, and gaming. While AI may not replace human workers, those who know how to use it will see significant benefits. According to Ark Invest’s Big Ideas 2022 report, AI and automation have the potential to more than double the average worker’s productivity.
Diversifying Your Portfolio with AI Stocks
Investing in AI stocks can be a great way to diversify your portfolio and stay ahead of the curve. However, it’s important to not go all-in on any one type of asset, regardless of how exciting it may sound. To mitigate risk, consider investing in a mix of AI stocks and other assets with low correlations to stocks, such as fine art. Masterworks.com, for example, is a platform that allows you to invest in multi-million dollar paintings that have been securitized and approved by the SEC.
The next five to ten years are poised to be a magnificent time for AI stocks. As more companies adopt AI to solve real-world problems, we can expect explosive growth in this market. Stay ahead of the curve and consider diversifying your portfolio with AI stocks.