Part 7/8:
The report projects a significant leap in global GDP growth, from an average of 3% to as high as 7-8%. Wood attributed this potential acceleration to a convergence of technologies including AI, robotics, energy storage, and blockchain, equating the historical impact of these innovations to those seen during previous industrial revolutions.
The long-term implications for stock markets are also promising. ARK believes the value of disruptive innovations could surge from $12 trillion to approximately $140 trillion over the next five years. This expansion suggests an increasingly broader equity market, benefiting a wide array of companies beyond the most dominant tech giants.