Investors will want to watch closely for any new updates in the space.Ĭheck This Out: Cathie Wood Continues To Bulk Up On This Crypto-Linked Stock She noted Zoom is likely to unveil new products in the coming months and years centered around AI. 'Almost half of them are around artificial intelligence,' Wood said. Speaking on CNBC's 'Squawk On The Street' Monday morning, Ark Invest founder and CEO Cathie Wood highlighted Zoom's strong patent portfolio, which shows the forward-looking nature of the company. However, the stock has given up essentially all of its gains from the boom.Īlthough broader investor sentiment has soured, there are many who believe Zoom stands to revolutionize the way individuals connect and communicate.

Zoom was one of the biggest beneficiaries of the pandemic as more and more people were forced to work together remotely as a result of lockdown restrictions.

In the comparable quarter from the end of 2021, Zoom reported earnings of $1.29 per share on quarterly revenue of $1.071 billion, so although analysts are anticipating a slight bump in revenue, expectations are set for a year-over-year decline on Zoom's bottom line.

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