Cathie Wood: After Huang, AI push isn’t ‘going to stop’

00:00 Speaker A

Now, earlier today, I spoke to legendary tech investor and Ark Invest CEO, Cathie Wood. It was this morning before we got the news of Nvidia CEO Jensen Huang stepping down, right before that actually. She joined Yahoo Finance’s Invest to discuss the future of Nvidia and what this news means for the AI trade.

00:20 Cathie Wood

Well, he obviously is a force and a power behind Nvidia. I’ve been watching him uh since he’s gone public, since Nvidia went public.

00:33 Cathie Wood

uh, and he had this vision way back then in the late late ’90s. Uh, he understood well before uh most people how profound this AI revolution was going to be and how many sectors uh it was going to touch and transform.

00:52 Cathie Wood

Uh, so there’s no question he’s a force, but I would say we have another very big force in the industry. Uh, first of all, um, before I go there, I’ll say that Elon Musk said he would consider it an honor to hire Nvidia.

01:04 Cathie Wood

And you remember, uh, Elon or or uh, Tesla in in effect has started a Terrafab project for computing power in space, and that is where we’re going given all the difficulties here on Earth.

01:21 Cathie Wood

Um, but uh so, so I don’t think the movement is going to stop. You’ve got powerful forces like Elon Musk who uh is also a visionary and understands where AI is going.

01:40 Cathie Wood

And you have companies like OpenAI and Anthropic who are pushing this movement forward uh with such great force that those of us turn around and last year at this time, uh Anthropic at 9 billion annualized run rate.

01:59 Cathie Wood

Uh by the end of this year, it could be at 100 billion.