Cathie Wood named Tesla and SpaceX as her top artificial intelligence stock picks on July 22, 2026. ARK Invest, the firm she founded, has deployed over $580 million across both companies in recent weeks.
Why Wood singled out Tesla and SpaceX
Wood, known for her focus on disruptive innovation, identified the two companies as her leading AI investments. Tesla has long been a core holding for ARK, with Wood frequently highlighting its autonomous driving technology as a key AI application. SpaceX, while private, has drawn attention for its Starlink satellite network and potential in AI-driven space operations.
The size of the investment
ARK Invest has been actively buying shares of Tesla and SpaceX in recent weeks, totaling more than $580 million. The exact breakdown between the two stocks was not disclosed, but the deployment signals a strong conviction in both companies' AI prospects. The move comes as ARK continues to adjust its portfolio amid market volatility.
Wood's picks underscore her belief that AI will be the dominant theme of the decade. The $580 million bet is a significant commitment to the AI future of Tesla and SpaceX.
