Cathie Wood’s 3 Stocks That Will Turn $10,000 into $50,000 by 2028

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Cathie Wood Stocks - 3 Cathie Wood Stocks that will turn $10,000 into $50,000 by 2028

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Few people in finance have captured the attention of retail investors as much as Cathie Wood, and her stock, whether it’s viewed as bad or good, is precisely where this comes into play.

As founder and CEO of Ark InvestCathie Wood has become famous for her disruptive innovation platform. Although she is often criticized by others, some of her transformational trends include artificial intelligence (AI).artificial intelligence) and cryptocurrencies are starting to gain attention, and while some of her investment ideas are questionable, there are also a few that could bring huge profits to investors.

So let’s take a look at Cathie Wood’s top 3 stocks that will turn $10,000 into $50,000 by 2028.

UiPath (Path)

Use a magnifying glass to zoom in on the home page of the UiPath (PATH) website.

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UiPath (New York Stock Exchange:path) UiPath is a pioneer in Robotic Process Automation (RPA), which leverages software robots to handle repetitive tasks in automotive, promising to drive significant efficiencies and cost savings. Cathie Wood is a strong supporter of UiPath and has worked with the company on a range of exchange-traded funds, including:ETF).

UiPath has flown under the radar, but is showing great promise as the AI ​​software market continues to evolve. The company’s platform offers a compelling value proposition at a time when businesses are embracing automation to gain an advantage. It also has a diverse customer base, appealing to a wide range of industries, including finance, healthcare, and manufacturing. RPA success and implementation has grown steadily and hinges on effective change management in organizations. Additionally, the company has seen rapid revenue growth since its IPO in 2021, and was the first publicly traded company to post a quarterly profit. 4th Quarter 2024UiPath remains a contender for the best Cathie Wood stocks to buy in 2024 as automation becomes an integral part of business processes.

Palantir Technologies (PLTR)

Palantir Technologies (PLTR) Headquarters

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Palantir Technologies (New York Stock Exchange:P.L.T.R.) is an AI company focused on big data analytics and is one of Cathie Wood’s top stocks to buy now. The company’s AI growth prospects and improving profitability have made it one of the most acclaimed companies on Wall Street.

Palantir is at the forefront of big data analytics, providing powerful tools and solutions for enterprises and governments. In an increasingly data-driven world, the demand for such services is unprecedented. While the company primarily targets government agencies, its AIP platform will be a major driver of long-term growth and profitability. Palantir continues to expand its commercial presence, with commercial revenue growing 70% year over year (Year-on-year change) in Q4 2023CEO Alex Karp is focused on driving profitable growth while continuing to diversify away from its core business. S&P 500 Once it goes public in 2024, Palantir will be well positioned to deliver big gains to investors.

Meta Platform (META)

Metaverse concept image of two young people wearing virtual reality headsets. Undervalued Metaverse Stocks

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Meta Platform (Nasdaq:Meta) is a global social media giant that owns well-known subsidiaries such as Facebook, Instagram, and WhatsApp. Although Cathie Wood’s investment is small, she believes the company is strategically positioned to lead the world of the metaverse and VR.

Meta Platform’s investment in virtual reality (virtual reality) technology and the Oculus VR platform are central to this vision. The company has invested approximately $50 billion in the metaverse since 2019 and plans to increase its capital expenditures in 2024. Separate from its investments in the metaverse, Meta is also increasing its investments in generative AI. Announcing the release of Large Scale Language Models (LLMs)Rama 3 is expected in July 2024. It will be a game changer, not only competing directly with Gemini and ChatGPT, but also creating new AI capabilities in the Metaverse. Additionally, it will help Meta’s free cash flow (FCFC)’s shares soared last year and business is booming after the company announced its first-ever dividend.

As of the date of publication, Terrell Miles did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are the opinions of the author in accordance with InvestorPlace.com’s terms and conditions. Publication Guidelines.

Terel Miles is a contributing writer at InvestorPlace.com and has over seven years of experience investing in the financial markets.



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