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Benzinga
Benzinga
Business
Rachit Vats

Tesla Bull Cathie Wood Says Bet Against 'Disruptive Innovation' Will Prove Ill-informed, Ill-timed

Cathie Wood Ark Investment Ark Investment Management ARKK Nasdaq

Popular stock picker Cathie Wood, who runs Ark Investment Management, said on Monday the current bet against disruptive innovation will prove as ill-informed and ill-timed as the tech and telecom bubble in the late 1990s.

What Happened: Wood’s flagship innovation fund that owns Tesla Inc (NASDAQ: TSLA), Coinbase Global Inc (NASDAQ: COIN), and Teladoc Health Inc (NYSE: TDOC) has sunk to its lowest level since November.

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