Inside Cathie Wood's AI Stock-Fueled Comeback

ByHank Tucker,

Forbes Staff.

A

mong all the growth-minded investors who have seen their portfolios soar through this year’s AI craze, one familiar name has outperformed the rest.

Cathie Wood’s Ark Innovation ETF (ARKK) is up 87.1% in the last year, outperforming every other ETF and mutual fund tracked by the American Association of Individual Investors as of the end of September aside from single-stock funds. Its gains have been largely fueled by AI-related stocks like Palantir Technologies, Advanced Micro Devices, Tempus AI, and its longtime largest holding, Tesla, which Wood tells Forbes is the “largest AI project on earth,” marveling at its work developing robotaxis.