Cathie Wood

And so this boom, if you look back at the railroad boom, the amount of investment that we saw back then was about 6% of GDP at its peak, 5% to 6%.

The internet boom

was more like the auto boom in the early 1900s.

It was more in the three to 4% of GDP range.

We believe this, this five platform innovation strategy, or boom, is going to move to 12% of GDP.

And we do believe also that

productivity growth will accelerate to the four to six percent range and be sustained there normally we see a cyclical peak around there and and then it falls back we think it will be sustained and we think that by the end of this decade real gdp growth could be averaging uh more than seven percent per year and i know that sounds shocking

given that we've been at 3% for 125 years.

But it is the history associated with technology revolutions, a step change.

up in GDP growth.

Well, GDP growth at 7% plus per year tells you there's going to be a lot of economic activity, more economic activity from a sustained growth point of view than we've seen in quite some time.

The history of technology is it's a net job creator.

In the early 90s, when developers were evolving the internet, we could not have imagined Uber or Airbnb back then.

And I think the same is true now.

We cannot imagine the kinds of jobs that are going to exist in the future.

And the other thing that we're excited about from a job creation point of view is we're seeing new worlds being created.

And by that, I mean most of us think about Earth

But now we're moving into space.

Even data centers, we think, Elon leading that charge, will start moving into space.

And we won't have the not in my backyard and the bureaucracy associated with data centers.