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ARK Innovation ETF rises sharply, Cathie Wood views its top holding Tesla as ‘most obvious beneficiary’ of recent AI breakthroughs

By: MarketWatch

May 30, 2023 at 13:32 PM EDT

Cathie Wood’s ARK Innovation ETF was rising sharply Tuesday, as shares of its largest holding Tesla jumped and technology stocks rallied amid ongoing investor enthusiasm over artificial intelligence.

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ARK Innovation ETF rises sharply, Cathie Wood views its top holding Tesla as ‘most obvious beneficiary’ of recent AI breakthroughs

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