Cathie Wood's Ark Investment has maintained significant exposure to the Artificial Intelligence (AI) industry, despite trimming its holdings in Nvidia last year before the company's massive rally. Wood, the founder and CEO of Ark Invest, has expressed no regrets over missing out on Nvidia's surge, which has seen its share price increase eightfold since late 2022.

Ark Invest has been a long-time believer in the potential of AI and has invested in various companies in the space. While the firm sold most of its Nvidia shares before the rally, it still holds a significant position in the company through its specialized portfolios and flagship fund. Wood has emphasized that her firm is focused on emerging companies that are poised to benefit from the AI boom.

Despite some companies failing to capitalize on the anticipated revenue boost from AI, Wood remains confident in the long-term trajectory of the sector. She has defended her investment in Tesla, asserting that autonomous driving represents the most significant AI endeavor globally. Ark has also bolstered its position in Tesla during the first quarter, despite concerns about a slowdown in electric vehicle consumption.

In addition, Ark has disclosed stakes in Elon Musk's AI startup xAI and OpenAI, further demonstrating its commitment to the AI space. Wood has projected that Tesla's shares will reach $2,000 by 2027, with bullish and bearish scenarios at $2,500 and $1,400 per share, respectively.

In conclusion, Cathie Wood's Ark Invest remains bullish on AI, despite trimming its holdings in Nvidia. With significant exposure to the sector through various investments, Ark is poised to benefit from the long-term potential of AI. Wood's confidence in the space is unwavering, and her firm continues to be a leader in the investment community.