Cathie Wood’s Best Month Ever: 2023 Bets on Tech, Crypto, & AI 2/1/23

Squawk Pod

Feb 01, 2023•29 min

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Episode description

Ark Invest CEO and CIO Cathie Wood shares her big investing ideas for 2023 after her flagship fund reported its best month ever. Ark Innovation ETF notched a near-28% bump in January, but for the last two years, the fund is still down 72%. Wood discusses the wind-down of inflation and her bet that ChatGPT is just the beginning of a new AI era. Even Google is exploring ChatGPT-like technology, asking employees to test some of its competitors. Plus, Snap offered weak guidance for its next quarter, and its own slowdown in digital ad spend is a warning signal for other social media stocks. And, after ExxonMobil reported record breaking profits in 2022, the White House is challenging its dividends for shareholders.

In this episode:

Cathie Wood, @CathieDWood

Kelly Evans, @KellyCNBC

Mike Santoli @michaelsantoli

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

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