ARK Invest CEO Cathie Wood told CNBC that investor concerns reinforce her optimism that U.S. equities will continue to rise, despite the sharp Nasdaq Composite correction on Thursday and a tentative recovery on Friday. She said AI-related spending, hyperscalers moving from strong positive free cash flow to negative free cash flow, and concerns about debt and circular financing have fueled volatility throughout the year. In 2025, her flagship ARK Innovation ETF gained more than 35%, compared with 16.4% for the S&P 500 and 20.5% for the Nasdaq Composite. Wood nevertheless expects the rally to continue in 2027, driven by robotaxis and AI agents, while acknowledging that rising interest rates and bond yields are weighing on technology stocks.
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