Cathie Wood’s Ark Invest Funds Shift Focus to Innovative AI Stocks\n\nCathie Wood’s Ark Invest funds have been actively investing in the stock market, with a particular focus on companies utilizing artificial intelligence (AI) technology. One of their top picks, UiPath (NYSE:PATH), has seen a strong run in its stock price, leading the team to reduce their position and reallocate funds into another innovative stock. This shift highlights the team’s belief in the potential for AI to drive growth in the market.\n\n The reduction in position, UiPath remains a top pick for Ark Invest, with the company specializing in robotic process automation (RPA). This technology automates repetitive tasks for businesses, utilizing algorithms and advanced AI to improve efficiency. UiPath’s use of AI in its Document Understanding and Process Mining products has been a key factor in its success, with annual recurring revenue increasing by 24% year over year.\n\nWith a relatively low enterprise value-to-sales ratio, there is potential for the stock to continue its upward trajectory.\n\nAnother company that has caught the attention of Ark Invest is Zoom Video Communications (NASDAQ:ZM). The team has increased its position in the stock, seeing potential for the company to benefit from increased AI productivity. With a bold price target of $1,500 per share by 2026, Zoom’s use of AI in its video conferencing, phone, and contact center services has impressed investors.\n\nIncorporating AI features such as generative AI and computer vision has helped Zoom stand out in the market, and its strong performance in these areas has contributed to its success. While the price target may seem ambitious, there is a lot to like about Zoom’s potential for growth in the future.\n\nIn a Cathie Wood’s Ark Invest funds have shown a strong belief in the potential for AI to disrupt and drive growth in the market.