Cathie Wood is doubling down on Palantir Technologies, highlighting her confidence in the company’s ability to lead the enterprise AI revolution as market dynamics reshape the competitive landscape. On Saturday, Wood responded to a post from Ark Invest's chief futurist Brett Winton, predicting Microsoft Excel's decline. Wood said she believes Palantir CEO Alex Karp’s assertion that the company will become the largest pure-play enterprise AI software firm. Palantir is Ark Invest’s second-largest holding after Tesla, with a stake valued at $640 million, or about 7% of Ark's total assets.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Kathy Wood is doubling down on Palantir Technologies, highlighting her confidence
00:06in the company's ability to lead the enterprise AI revolution
00:09as market dynamics reshape the competitive landscape.
00:12On Saturday, Wood responded to a post from ARK Invest's chief futurist,
00:16Brent Witten, predicting Microsoft Excel's decline.
00:19Wood said she believes Palantir CEO Alex Karp's assertion that the company
00:23will become the largest pure-play enterprise AI software firm.
00:26Palantir is now ARK Invest's second-largest holding after Tesla
00:30with a stake value at $640 million for about 7% of ARK's total assets.
00:35For all things money, visit Benzinga.com slash GSTV.