Cathie Wood: Take a Long-Term View of Recent Market Volatility and Election Results; Midterms Will Not Hinder the AI Revolution

November 8 — ARK Invest founder Cathie Wood said in a post that recent market volatility and election results need to be viewed from a longer-term perspective. In her view, this round of midterm elections will not hinder the AI revolution. Cathie Wood noted that when building data centers, companies will pay more attention to responding to local community concerns and highlighting the benefits they bring, such as lower property taxes, high-paying jobs, business development and funding for schools. The productivity gains from AI will translate into higher pay, stronger profit margins, more investment and lower prices, helping ease affordability pressures. She stressed that the economy is currently on a stronger growth trajectory than most investors have fully recognized.