"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