Ark Invest CEO Cathie Wood told CNBC she sees further gains in U.S. stocks carrying into 2027, with investor caution supporting her outlook even as she cited a financing risk for technology shares.
Wood sees AI agents and autonomous taxis as possible sources of additional support for shares. She described the present as a period of significant technological change. She also said the growing expense of obtaining financing is a concern for technology stocks.
Wood said investors today are more guarded than those during technology and telecom bubbles in the 1980s and 1990s, when buyers generally expected technology shares to climb and gave risks less attention. She said current wariness makes her more comfortable with the outlook, and she does not view the bull market as near its finish.
