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Tech investor Cathie Wood says Elon Musk's Tesla could be a big AI winner – and its stock isn't overpriced

Cathie Wood
Ark Invest CEO Cathie Wood.ARK Invest
  • Ark Invest CEO Cathie Wood said Tesla could be a big winner from artificial intelligence.

  • The investor also defended her support for Elon Musk's carmaker, saying its stock isn't overpriced.

  • "We think it's one of the biggest AI opportunities out there," Wood said of Tesla Wednesday.

Tech investor Cathie Wood touted Elon Musk's Tesla as a big winner in the artificial intelligence race, and said the stock was not overpriced.

The ARK Invest CEO has long been an avid supporter of the carmaker, making bold predictions about potential upside from a robotaxi boom.

"Tesla, many people think, is an auto stock. We don't. We think it's much more than that, but we think it's one of the biggest AI opportunities out there," Wood told Bloomberg TV on Wednesday.