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"We see that for every dollar spent on AI hardware like Nvidia GPUs, $8 could be pulled through in terms of AI software," he told CNBC's " Squawk Box Asia " on Wednesday. Ark Invest's flagship Ark Innovation ETF (ARKK) exited its position in Nvidia entirely in early January. 'Huge' beneficiaries Leggi named two AI software stocks that Ark is "focused on": Communication platform software firm Twilio and virtual health-care company Teladoc . Twilio accounts for 4.11% of the ARK Next Generation Internet ETF, and 4.04% of the ARK Innovation ETF, where it's in the top 10 holdings. Teladoc makes up 3.17% of the ARK Next Generation Internet ETF and 3.68% of the ARK Innovation ETF.
Persons: Renato Leggi, CNBC's, , Leggi, Teladoc, it's Organizations: Nvidia, Invest, Innovation Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is now time to shift attention from AI hardware to AI software: ARK InvestRenato Leggi from ARK Invest discusses where he sees good value in the wave of AI investment themes, saying "for every dollar spent on AI hardware, $8 is generated in AI software".
Persons: Renato Leggi Organizations: ARK Invest
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