Cathie Wood: The US GDP growth rate is expected to reach 7.3%, and technologies such as cryptocurrency will drive global economic change


ARK Invest CEO Cathie Wood stated that the U.S. economy is approaching the end of a "Rolling Recession" and is about to usher in unprecedented productivity growth driven by artificial intelligence (AI) and emerging technologies. She predicted that the U.S. GDP growth rate will reach 7.3%, and believes that the largest productivity growth in history is imminent, despite weak short-term economic data. She believes that technologies such as AI, genetic technology, automation, and cryptocurrencies will drive global economic transformation and form a positive cycle with the Trump administration's tax cuts and deregulation policies. In addition, she pointed out that since SEC Chairman Gary Gensler stepped down, the U.S. government's attitude towards the crypto industry is changing, and Washington is embracing a "digital asset revolution." Wood believes that the current market funds are mainly concentrated in the "MAG7" (seven major tech giants), but will shift towards a wider range of innovative stocks in the future, specifically mentioning that ChatGPT still dominates, but Elon Musk's Grok is growing faster, and open-source AI models (such as DeepSeek, Meta's Llama, and possible future open-source versions of Grok) will become important trends. However, the market's reaction to her views has been negative, with many investors questioning her investment strategy and believing that her optimism towards the economic policies of the Trump administration, especially regarding tariff policies and tax cuts, could lead to an expansion of the fiscal deficit, while the ARK Innovation ETF has lagged behind the S&P 500 since the major drop in 2022. Nevertheless, Wood remains firm in her belief that the U.S. economy will enter one of the strongest bull markets in history, and states that if new technologies such as AI drive deflation, the U.S. will experience unprecedented economic growth.