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Zenger
Zenger
Technology
Shanthi Rexaline

Cathie Wood Slams Portfolio Managers’ Index-Based Investing As She Highlights Existential Threat Google, A Top Holding, Faces From LLMs

Cathie Wood Google LLMs Alphabet Alphabet Inc Ark Invest Paras Griffin
Ark Invest founder Cathie Wood took aim at the index-based investment strategy and explained its shortcomings, taking Alphabet, Inc. as an example to make her case. PARAS GRIFFIN/GETTY IMAGES

Ark Invest founder Cathie Wood took aim at the index-based investment strategy and explained its shortcomings, taking Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) as an example to make her case.

Alphabet At Risk: Despite large-language models poised to disrupt Alphabet’s Google, the parent company’s stock is one of the top holdings in most growth portfolios, Wood said in a post on X, formerly Twitter. “Analysts and portfolio managers feel ‘safe’ because $GOOG is one of the top weights in the benchmarks against which they are measured,” she said.

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