Cathie Wood Says Fears About an AI Bubble Are Overblown

Cathie Wood believes fears of an AI bubble are overblown, arguing that the market is in the earliest stages of a genuine technology revolution rather than a bubble about to burst.
She says capital spending had been stuck for 25 years, leaving significant ground to make up, and expects the cycle to remain extended despite short-term volatility.
Wood also points to the semiconductor index closely tracking an LLM token expenditure index shifted forward 15 months, which has been a strong fit for where semiconductors move next. She says that relationship is currently driving fears in the semiconductor space.