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Cathie Wood, fund manager at ARK Invest, highlights that AI-driven commerce is proving advantageous for the long tail of SHOP merchants. According to Wood, 75% of AI-boosted sales benefit merchants ranked below the top 100.
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Wood has recently commented on several high-profile market events. She noted that SpaceX stock fell below its IPO price despite the company achieving a Starship milestone. In another significant development, Wood reported that ATAI is set to be acquired by Lilly for approximately $3.8 billion.