Cathie Wood has more riding on OpenAI than any fund manager in America

Cathie Wood is betting the future of her investors on OpenAI in a way no other major fund manager dares. While Fidelity plays it safe with a measly 0.2% stake, ARK has concentrated a staggering 8.6% of its Venture Fund into this single private entity. With no IPO in sight and a $1.4 trillion valuation, ARK holders are uniquely exposed to a high-stakes gamble that could lead to a wipeout if the AI bubble bursts. Is this visionary leadership or reckless concentration? What’s your take?
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