Odaily Planet Daily News Cathie Wood said Ark Investment Management is in a good position in artificial intelligence assets, even though her company reduced its holdings in Nvidia before its stock price rose last year. Ark is reported to have invested in artificial intelligence, Tesla, Coinbase and Robinhood. Wood said in a video interview on Thursday that her private fund "has a lot of investments in companies with potential." She added that her company still holds Nvidia shares in more professional portfolios and flagship funds. Wood bought Nvidia shares in 2014 when Nvidia's split-adjusted share price was about $4. The flagship fund ARK Innovation ETF held the stock until it hit around $400. She sold most of her position before Nvidia's stock price rebounded last year. At the same time, Wood said that autonomous driving is "the world's largest artificial intelligence project" and defended her bet on Tesla. In the first quarter of this year, Ark increased its holdings of Tesla shares again as investor sentiment cooled on Tesla due to concerns about slowing electric vehicle consumption. In its analysis for 2023, Ark estimates that Tesla's stock price will reach $2,000 per share in 2027, with its bull and bear cases at $2,500 and $1,400 per share, respectively. At the end of May, Ark Venture Fund also disclosed a stake in Elon Musk's artificial intelligence startup xAI, accounting for about 2% of its holdings. A month ago, the company disclosed a stake in OpenAI, accounting for about 4% of its total holdings; it also owns a stake in Anthropic. (Bloomberg)