ARK Big Ideas Report 2021
- Thread starter Apollo
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Apollo
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What do you guys think of this report?
This organization has the best track record, worth the read.
never knew you were a wsb fan i thought you were more of a r/invest guys
The summary on Seeking Alpha.
- Bitcoin (BTC-USD) -2.2% could rise into the $70K range if trends in corporate use continue, ARK Investment Management CEO Cathie Wood said on a web presentation today.
- Bitcoin playing "a pivotal rose in corporate cash" was one of ARK's five best ideas for 2021.
- If companies in the S&P 500 were to put 1% of their cash into bitcoin, that would increase the price of bitcoin by $40K, Wood said.
- Among ARK's other ideas, it says server processors will transform the next decade and that Intel (NASDAQ:INTC) has "really lost its way," according to Wood.
- Arm Holdings and Risc 5 "will displace Intel," and grow together at a 45% annualized rate over 10 years, she says.
- Deep learning was another best idea, which "could create more economic value than the internet did," Wood says.
- Autonomous driving was highlighted as an area where computing power is needed at the highest level where computers are teaching themselves.
- While Google Glasses were premature, virtual worlds is another hot prospect, according to ARK, with virtual gaming becoming a $400B market by 2025.
- Digital wallets rounded out the five ideas, which has been "turbocharged" by COVID-19.
- Wood notes the confluence between payment and e-commerce, noting that "half the time spent on WeChat Pay is spent on pay and half on e-commerce."
- ARK reported its strong Q4 performance, but its biggest drags included Zoom (NASDAQ:ZM) and other familiar work-from-home names.
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