Gate News Report, March 15 — ARK Invest CEO Cathie Wood said in an interview with CNBC that the current market is completely different from the tech and telecom bubble she experienced early in her career. She pointed out that back then, there was almost no fear in the market, whereas now, the market is filled with extreme fear. Although there are some reasonable reasons for this fear, looking back to the end of this year, the market is likely to be described as “climbing along the wall of worry,” with war factors adding height to this “wall of worry.”
Cathie Wood believes it is a good time to buy more volatile stocks. She emphasized that in ARK’s investment philosophy, volatility does not equal risk but rather represents uncertainty. She stated, “We are experiencing a new technological revolution. ARK invests by researching how these technologies expand and who will be the leaders. The opportunities are huge. We are in the midst of a technological revolution, and AI has not yet entered a hype cycle. We believe this revolution still has a long way to go.”
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