ARK Invest founder and executive director Cathie Wood came to Taiwan today to share the concept of "overlapping innovative investment". He was optimistic about self-driving cars and medical care before the meeting. Among them, self-driving cars will develop to a scale of 5 to 10 trillion in the next 5 to 10 years, and talked about Taiwan Electric Power Station. Taiwan is the heart of AI, and is optimistic about the spirit of the Taiwan Electric Power Group's continued Zhang Zhong.
Wood said that the global environment is in the "most great technological revolution era in history". Although tax lesions have led to market confusion, the overall stock market is constantly rising. Even if there is a slight correction, the trend has not changed. Tax lesions are a very important development in the United States. The Trump administration is in order to enable companies to do business better and create a more conducive business environment.
AI accelerates all overwhelming innovation developmentWood pointed out that the "deregulation" in the United States is in full swing. Regardless of medical care, AI, or even cryptocurrency, the US government is gradually relaxing its regulatory measures. Trump's tax reform policy allows enterprises to fully offset taxes, which means that enterprises are more aware of investing in the innovation field. The benefits of these systems will be conducive to "innovation" becoming the most important driving force in the global capital market in the next 5 to 10 years.
Wood shared that according to ARK's research, the world is ushering in five major overwhelming innovation platforms, including robots, energy AI, blockchain, and gene sequencing. Among them, AI can accelerate the development of other platforms, quickly integrate and integrate into explosive growth opportunities. Taking AI writing program design as an example, software developers use generative AI writing program codes to increase their success rate in just one and a half years, from 20% to 80%.
Wood is particularly optimistic about the two major application areas. The first is self-driving cars and Robotaxi (unmanned cars). This is a very big opportunity. It is estimated that it will grow to a scale of 8 to 10 trillion US dollars in the next 5 to 10 years, and it will be a market that wins all the winners. Currently, only WeMo and Tesla are competing with each other in the United States, especially Tesla, which wins most of the markets in the United States.
Wood analyzed that the second is medical care. The combination of AI and gene sequencing and gene editing can already cure many diseases, including rare diseases such as knife-type blood, Mediterranean blood, etc. There have been clinical cases that have been successfully treated, even such as hypersitol. In the future, it is expected that a single injection can be used to solve the problem of hypersitol problems that millions of people suffer from difficulties.
Wood's explanation of Coinbase and Robinhood performance disputesWhen investing in Coinbase and Robinhood, Wood responded that ARK provided customers with investment in Bitcoin as early as 2015. At that time, the price was only $250, and now the price has reached 110,000 US dollars. Many people said it was not true at that time, but these are the basis of ARK's research based on practical research, so they are optimistic about Coinbase and Robinhood. With the long-term development of the company, the "digital money package" is estimated to be the pocket bank of the future, combined with decentralized finance (DeFi), which has the opportunity to reduce financial transaction costs by 75%.
ARK experienced strong fluctuations during the epidemic period in 2020, first and then falling sharply. The outside world has doubts about performance, but Wood said that if the performance is calculated in 2014, the annualized compensation will still reach 14%, which is in line with the original set investment gate "at least 15% return within five years". Even the companies that hold shares now receive and make profits greater than 15%. The confidence of the team comes from ARK's in-depth research data, not short-term market conditions.
Wood said that about 80% of ARK's investment portfolio is currently located in the United States, but the cost of AI training has dropped by 75% every year, and the cost of recommendation has dropped by 85 to 95%, making the innovation expansion no longer limited to the United States. Among them, Taiwan is regarded as one of the most potential markets, and this is why ARK's first overseas active ETF chose Taiwan.
What does
Pin's view on TAI? Wood believes that Taiwan has a very good foothold. Taiwan where Taiwan is located is the heart of AI. Although we have never seen Wei Zhejia, the current chairman of Taiwan Electric, we have seen Zhang Zhongsheng, the founder Zhang Zhongsheng. Judging from the current team members, Wei Zhejia has a spiritual concept in line with Taiwan Electric's spirit and continues Zhang Zhongsheng's business idea.
Active ETFs are future investment trendsRegarding ARK's Asian market layout, Wood said that Taiwan has begun to promote active ETF products in recent months, and CITIC ARK Innovation (00983A) is Taiwan's first active ETF focusing on overseas stocks. This is somewhat similar to ARK's development path. When it was launched in 2014, many people were not optimistic, but now looking back, active ETFs have become one of the important boards in the US market.
CITIC ARK innovative active ETF manager Tang Zuzhi said that CITIC Investment began researching active ETFs in 2024, and at that time I wanted to choose different products. The team believes that there are many good investment opportunities in the US stock market or other overseas markets, but there are many products in the Taiwan market that are too similar. Therefore, I hope to use the strong theoretical research foundation and performance behind ARK to provide different visions for investors in Taiwan..
Overall, Wood emphasized that the current wave of innovation is similar to the moment when the Internet was rising in the 1990s, but it is larger in scale and faster. This is an explosive transformation of all industries, and Taiwan plays an important role in this global wave of AI as part of its core driving force.
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