Cathie Wood Backs AI Bull Market After Nasdaq Correction, Citing 35% Ark ETF Gain
Updated
Updated · CNBC · Nov 8
Cathie Wood Backs AI Bull Market After Nasdaq Correction, Citing 35% Ark ETF Gain
2 articles · Updated · CNBC · Nov 8
Summary
Cathie Wood said Friday the AI-driven bull market remains intact even after Thursday's sell-off pushed the Nasdaq Composite into correction territory.
Investor anxiety over AI capex, negative free cash flow at hyperscalers and a possible Democratic-led slowdown in data-center construction has fueled repeated volatility, but Wood said that "wall of worry" makes the rally more durable.
Rising bond yields and corporate borrowing costs—lifted this year as the U.S.-Iran war stoked inflation—are the bigger near-term risk, because AI buildouts require far more fixed capital than earlier software booms.
Ark has been concentrating into its highest-conviction names during the pullback, with Wood saying investors should trim into rallies and buy sell-offs; she highlighted SpaceX as a beneficiary if Earth-based data-center controversy persists.
Wood pointed to Ark Innovation ETF's 35%-plus gain in 2025 versus the S&P 500's 16.4% rise and said the technology revolution should become clearer in 2027, supporting further equity gains.