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Benzinga
Benzinga
Business
Shanthi Rexaline

Why Cathie Wood's Ark Invest Expects This COVID Stock Play To Appreciate 1,200% By 2026

Cathie Wood Ark Invest ARK Zoom Zoom Video Nasdaq ZM

COVID-19 play Zoom Video Communications, Inc. (NASDAQ:ZM) is down about 40% year-to-date, reflecting a general negative sentiment toward tech stocks.

Money manager Cathie Wood's Ark Invest, which holds Zoom Video in two of its ETFs —  the ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW) — is upbeat about the stock despite the weakness.

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