Cathie Wood: Midterm elections won't derail the AI revolution, and economic growth momentum is stronger than most investors expected.

ARK Invest founder Cathie Wood said in a post that she does not believe the outcome of the latest U.S. midterm elections will derail the AI revolution. She noted that market uncertainty is understandable, but the economy is on a stronger growth trajectory than most investors recognize. She added that as early as May and June, the stock market had already priced in expectations of a prolonged Iran war and a Democratic sweep in the elections, while rising oil and gasoline prices also added to consumers' cost-of-living pressures. Voters focused on household finances made the congressional election results more conservative than headlines suggested. Cathie Wood predicted that data center construction firms will pay more attention to local community concerns, and will deliver and highlight more community benefits, including lower property taxes, higher-paying jobs, commercial development, and funding for schools and cultural facilities. She stated that productivity gains from AI are accelerating, and she expects these benefits to translate into higher wages, stronger profit margins, more investment, and lower prices, helping ease cost-of-living pressures. The market has only just begun to experience the impact of this technological revolution.