The content-streaming industry has been booming since the onset of the COVID-19 pandemic, thanks to sustained demand due to remote lifestyles, rising adoption of internet-enabled entertainment platforms, and increasing smartphone and internet penetration worldwide. Furthermore, the integration of advanced technologies, including 3-D video platforms, 5G, virtual reality, artificial intelligence, and cloud technology, is expected to drive immense growth for the industry. According to a report by The Business Research Company, the global content-streaming market is projected to reach $227.32 billion by 2026, growing at a 16.6% CAGR. The United States is considered a key market for online streaming services.
As chief investment officer of ARK Invest, Cathie Wood is known for her outstanding investment strategies. Over the past five years, ARK Innovation ETF (ARKK) has gained 119.2% and outperformed the broader market. Furthermore, Wood is reshuffling stocks in her ETFs to withstand recent market turmoil. The top streaming stocks picked by Wood provide great investment opportunities because they possess significant upside potential.
