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Cathie Wood and the Ark Invest team stated that the convergence among disruptive technologies will define the upcoming decade. Specifically, Wood and her team highlight five specific technology platforms: artificial intelligence, public blockchains, multiomic sequencing, energy storage and robotics.
“Technological convergence could create tectonic macroeconomic shifts more impactful than the first and second industrial revolutions,” the ARK team stated in the ETF issuer’s Big Ideas 2024 annual report.
“Catalyzed by breakthroughs in artificial intelligence, the global equity market value associated with disruptive innovation could increase from 16% of the total* to more than 60% by 2030. As a result, the annualized equity return associated with disruptive innovation could exceed 40% during the next seven years, increasing its market capitalization from ~$19 trillion today to roughly $220 trillion by 2030,” ARK Invest’s report added.
See the below chart generated by Ark Invest highlighting the growing conversations around AI and its future.
Highlighted below are the 2024 returns of Wood’s six actively managed exchange traded funds:
- ARK Innovation ETF (NYSEARCA:ARKK) -13.3% YTD.
- ARK Next Generation Internet ETF (NYSEARCA:ARKW) -8.3% YTD.
- ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) -9.1% YTD.
- ARK Genomic Revolution ETF (BATS:ARKG) -13.3% YTD.
- ARK Fintech Innovation ETF (ARKF) -7.4% YTD.
- ARK Space Exploration (ARKX) -7.4% YTD.
