Arabic version: كاثي وود ترى أن قلق الأسواق يدعم استمرار السوق الصاعدة

According to Cnbc, Ark Invest CEO Cathie Wood said a “wall of worry” gripping financial markets reinforces her view that the bull market has further to run. Speaking Friday after a sharp Thursday sell-off and a tentative Friday recovery in technology shares, Wood said she does not believe the current bull run has been derailed.

AI-related stocks led Thursday’s rout, pushing the tech-heavy Nasdaq Composite into correction territory. The selling was partly driven by concerns that a Democrat-led Congress could slow data-center construction, while worries over AI capital expenditure, cash flow, debt and circular financing have contributed to repeated volatility this year.

Wood contrasted the current AI trade with the technology and telecom bubble, when she said there was little concern among investors. She said investors have questioned AI spending and the shift by hyperscalers from extreme positive free cash flow to negative free cash flow from the beginning. “I always feel better when the market is worried,” Wood said, arguing that concern can point to a more durable bull market.

She identified rising capital costs as a potential “showstopper.” Interest rates, bond yields and corporate borrowing costs have risen this year as the U.S.-Iran war pushes inflation higher globally. Still, Wood said companies that take on debt to accelerate growth may be less affected by interest-rate moves. She advised investors to take profits during rallies and move back into high-conviction holdings during sell-offs. Ark, she said, has been concentrating toward its highest-conviction names, while its SpaceX position has risen.

Wood said the market is in the middle of a technology revolution that includes robotaxis and AI agents. Her flagship Ark Innovation ETF gained more than 35% in 2025, compared with a 16.4% rise for the S&P 500 and a 20.5% gain for the Nasdaq Composite. Looking to 2027, she said she expects the equity rally to continue.