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That’s Cathie Wood, the chief executive and chief investment officer of Ark Invest, in a letter to shareholders dated Thursday.
She also noted that Nvidia NVDA — unlike Cisco during the dot-com era — faces competition. “Longer term, unlike the history with Cisco, competition could intensify, not only because [Advanced Micro Devices] is finding success but also because Nvidia’s customers—cloud service providers and companies like Tesla—are designing their own AI chips,” she said.
Wood…
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