GoKawiilCathie Wood says market worry over AI spending signals a durable bull run
Ark Invest CEO Cathie Wood told CNBC that investor anxiety over AI-related stocks doesn't shake her bullish outlook, after a Thursday sell-off pushed the Nasdaq into correction territory before a partial Friday recovery. She said the decline reflected ongoing worries about AI capital expenditure, debt and hyperscalers' shift to negative free cash flow, contrasting it with the unchecked optimism of the 1990s tech bubble.