Cathie Wood, founder and CEO of ARK Investment Management, has clarified that several of her funds still hold shares in the processor giant (ARKQ, ARKW, Metaverse Fund, Mobility as a Service Fund, Global Digitalization Fund...) and she is confident in the share's potential to gain. However, she points out that Nvidia is a hardware provider, and that in the long term, software and SaaS providers benefit more from innovation. She also believes that a number of stocks that are cheaper than Nvidia will benefit from Nvidia's rise. She mentions UiPath, Twilio, Exact Science and Teladoc. 

(MT Newswires) 

Bloomberg videos