Catherine Wood, the founder of ARK Investment Management in New York, has openly blamed Elon Musk, the CEO of Tesla, Inc., for the recent drop in bitcoin stock prices. Since February, Wood’s crypto holdings have lost more than 30% of their value. In the recent quarter, ARK Investment raised its holdings in software platforms such as Shopify Inc. and Zillow Group, Inc. The online real estate marketplace and the Canadian e-commerce behemoth now account for nearly 5% of ARK’s total investment portfolio. She also stated that she predicted deflation in the event of a commodities price collapse. It remains to be seen whether Wood is correct in her assessment of growth stocks such as cryptocurrency and software.
Here is Insider Monkey’s list of the 10 best software stocks to buy according to Cathie Wood. She went on to say that she predicted deflation if commodities prices fell. It will be interesting to see if Wood is correct in her assessment of growth stocks such as cryptocurrency and software. She went on to say that she predicted deflation if commodities prices fell. It will be interesting to see if Wood is correct in her assessment of growth stocks such as cryptocurrency and software. Unity Software Inc. is a software company based in California that was created in 2004. According to Cathie Wood, it ranks eighth on the list of the top ten software stocks to purchase. ARK Investment has approximately 8 million shares in the software company, valued at over $812 million. Twilio Inc. is a cloud-based communications company situated in California that was formed in 2008. According to Cathie Wood, it is ranked seventh on the list of the top ten software stocks to purchase. Twilio stock has returned more than 76 percent to investors in the last year. ARK Investment has approximately 2.7 million shares in the company, valued at approximately $932 million. Zoom Video Communications, Inc. (NASDAQ: ZM) is a communications technology firm based in California that was created in 2011. According to Cathie Wood, it ranks sixth on the list of the top ten software stocks to purchase. ARK Investment has $964 million worth of shares in the communications technology company. For more details, click 10 Best Software Stocks to Buy According to Cathie Wood.
