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<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Ark Invest bets on AI assets, Bloomberg reports.</li> 
 <li>Cathie Wood talked about Nvidia, Tesla at the Greenwich Economic Forum.</li> 
</ul> 
As recently reported by <a href="https://www.bloomberg.com/news/articles/2024-06-06/cathie-wood-says-funds-are-well-placed-in-ai-despite-nvidia-trim?utm_campaign=socialflow-organic&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_content=crypto&amp;embedded-checkout=true" rel="nofollow noopener" target="_blank">Bloomberg</a>, Cathie Wood from Ark Invest said that the firm is well-positioned in AI assets, even after the company trimmed back on Nvidia Corp. shares before the rally in 2023. 
She said that her private fund has a lot of exposure during a video interview at the Greenwich Economic Forum in Hong Kong. She also added that her firm still owns Nvidia in more specialized portfolios and the flagship fund. 
Wood is especially known for her high-profile calls on disruptive technologies, according to Bloomberg. She also said that she bought Nvidia in 2014 when it traded at approximately $4 on a share-split adjusted basis. 
The flagship ARK Innovation ETF fund held the stock until it reached about $400. She sold most positions before the company’s rally in 2023. 
According to the same reports, Nvidia saw another 15% share price gain since May 24, when sales in Q1 beat analyst estimates and Q2 also topped projections. The share price has more than doubled since late 2022, reaching $1,224, while the market value hit $3 trillion, surpassing Apple. 
<h2 id="autonomous-driving-is-the-biggest-ai-project-on-earth-wood-says">Autonomous driving is the biggest AI project on earth, Wood says</h2> 
Wood also stated that autonomous driving is the biggest AI project on earth, showing her bet on Tesla. Ark reportedly added to its Tesla position again in Q1. Wood said that Tesla is primed to grab more market share. 
In a <a href="https://www.ark-invest.com/articles/valuation-models/arks-tesla-price-target-2027?utm_campaign=Research%20Newsletters&amp;utm_medium=email&amp;_hsmi=288231248&amp;_hsenc=p2ANqtz-8dIvjW_OP6gk9UzMpJKgoAOAILswPNG50rf5HGe-gkloi5YgoLgk7ohV0lIjV-_X9AiXWTcDa0n7Ew-_tUDGEQ6y3KJQ&amp;utm_content=288231248&amp;utm_source=hs_email" rel="nofollow noopener" target="_blank">2023 analysis</a>, Ark was estimating that Tesla would see $2,000 per share in 2027. 
The official report noted that the bull and bear cases tuned to the 75th and 25th percentile Monte Carlo outcomes, respectively, are approximately $2,500 and $1,400 per share. 
<figure id="attachment_44268" aria-describedby="caption-attachment-44268" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-917-ARKs-Expected-Value-For-Tesla-In-2027_-2000-Per-Share-www.ark-invest.com_.png"><img decoding="async" class="wp-image-44268 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-917-ARKs-Expected-Value-For-Tesla-In-2027_-2000-Per-Share-www.ark-invest.com_.png" alt="Ark Invest" width="876" height="455" title="Ark Invest Bets On AI Assets Including Tesla, xAi 4" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-917-ARKs-Expected-Value-For-Tesla-In-2027_-2000-Per-Share-www.ark-invest.com_.png 876w, https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-917-ARKs-Expected-Value-For-Tesla-In-2027_-2000-Per-Share-www.ark-invest.com_-300x156.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-917-ARKs-Expected-Value-For-Tesla-In-2027_-2000-Per-Share-www.ark-invest.com_-768x399.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/FireShot-Capture-917-ARKs-Expected-Value-For-Tesla-In-2027_-2000-Per-Share-www.ark-invest.com_-750x390.png 750w" sizes="(max-width: 876px) 100vw, 876px"></a>
 <figcaption id="caption-attachment-44268" class="wp-caption-text">
 Ark Invest
 </figcaption>
</figure> 
In May, the Ark Venture Fund also disclosed a stake in Elon Musk’s AI startup, xAI, representing about 2% of the holdings. It also owns a stake in Anthropic, as reported by Bloomberg. 
Musk’s xAi made headlines recently. According to new reports from&nbsp;Reuters, citing&nbsp;The Information, xAI, Elon Musk’s AI-focused startup is planning to build a supercomputer called the <a href="https://crypto.ro/en/news/elon-musks-xai-to-build-gigafactory-of-compute-supercomputer-by-2025/">“Gigafactory of Compute”</a> that should be ready by fall 2025. 
The new supercomputer might involve a collaboration with Oracle and aims to enhance the Grok AI chatbot, according to reports.

Ark Invest Bets On AI Assets Including Tesla, xAi

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