A New Age of Vast Technological Growth
ARK Invest, one of the bigger ETF firms on Wall Street, published their annual “Big Ideas” report for 2024. ARK specializes in researching new technologies. In this report they lay out their long-term thesis and breakdown different investment themes that fit their overall thesis.
While I personally think a lot of ARK’s calls on different stocks are quite lofty, I agree broadly with their thoughts on where technology is going and what the implications are for the average investor.
I’ve written about the idea of “technological convergence” in past articles where several different disruptive technologies will all cross paths and truly define the next decade’s economic activity. This is also the thesis of guys like Raoul Pal, CEO of Real Vision.
In fact, ARK says that this convergence “could create tectonic macroeconomic shifts more impactful than the first and second industrial revolutions.”
Re-read that. That’s a remarkable statement.
What does this convergence look like? Well, think of all the up-and-coming tech trends that are unfolding before our eyes…artificial intelligence, robotics, 3D printing, blockchain, the metaverse, autonomous machinery.
AI will be the nexus point at which all of these technologies connect.
AI-powered robotics and 3D printers manufacturing products, digital wallets on the blockchain to fuel payment processing within metaverse applications.
The list goes on.
And AI is accelerating at such a rapid pace that experts are now revising their estimates for when we will see general artificial intelligence (AGI)…
AGI is the ability for AI/machines to teach itself any action and accomplish it faster than a human.
Not only are these new technologies going to converge, but they will also build upon the technology we’ve been using. The economic impact will be massive.
All these breakthroughs will catalyze the equity market significantly. ARK estimates that “disruptive innovation” will make up the vast majority of market share in the global stock market.
The potential opportunity over the next decade could be like something we’ve never seen before and may not see again for a long, long time.
It’s an opportunity that we can’t afford to miss out on. Generational wealth is going to be made during this period of time. All you have to do is position yourself now.
In the premium portion of this article, I’m going to highlight a stock that has recently sold off. It’s a stock that - long-term - I believe will be at the forefront of this disruptive technological trend…