Cathie Wood: AI and new technologies are driving productivity gains, and the market is at the early stage of a long-term growth cycle

Ark Invest founder Cathie Wood stated that current macro data has eased concerns about inflation, and the economy is entering a new cycle driven by productivity growth. U.S. productivity growth is about 3%, unit labor costs are about 0.5%, and Truflation core CPI is close to 1.3%. The current market environment is similar to that of the 1980s and 1990s, with technological innovations such as AI, robotics, autonomous driving, and multiomics driving productivity increases, and these are still in their early stages.