<p>凯瑟·伍德的 <strong>方舟创新 ETF</strong>（ARKK 0.64%）最近成为市场上表现最好的 ETF 之一。在 4 月的低点以来不到三个月的时间里，该 ETF 的涨幅超过了 75%。</p>
<p>当然，在此期间整个股市都出现了反弹。事实上，在撰写本文的当天，<strong>标准普尔 500 指数</strong> 创下了新的历史高点。但方舟创新 ETF 最近的表现超过了所有主要股指。让我们看看是什么推动了这一表现，以及这个以人工智能为重点的 ETF 现在是否值得投资。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxODQvdXNpbmctbGFwdG9wLWluLWRhdGEtY2VudGVyLTIwMjQuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxODQvdXNpbmctbGFwdG9wLWluLWRhdGEtY2VudGVyLTIwMjQuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>方舟创新 ETF 最近飙升的原因</h2>
<p>简而言之，方舟创新 ETF 投资于一组主要集中在人工智能领域的股票，这些股票最近表现相当不错。在 2025 年初，市场普遍担心人工智能投资会放缓，关税会对任何有国际业务的人工智能股票造成伤害，美国经济可能会面临衰退。</p>
<p>现在，不确定性大大减少，经济前景普遍更加光明。这在方舟创新 ETF 的主要持股表现中得到了充分体现：</p>
<table>
<thead>
<tr>
<th><strong>公司（代码）</strong></th>
<th><strong>方舟创新 ETF 资产占比</strong></th>
<th><strong>一年涨幅</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>特斯拉</strong>（TSLA -1.71%）</td>
<td>13%</td>
<td>66%</td>
</tr>
<tr>
<td><strong>Coinbase</strong>（COIN -0.80%）</td>
<td>8.7%</td>
<td>63%</td>
</tr>
<tr>
<td><strong>罗布乐思</strong>（RBLX -0.46%）</td>
<td>8.3%</td>
<td>185%</td>
</tr>
<tr>
<td><strong>Roku</strong>（ROKU 1.30%）</td>
<td>7.8%</td>
<td>52%</td>
</tr>
<tr>
<td><strong>Palantir</strong>（PLTR 4.38%）</td>
<td>5.5%</td>
<td>471%</td>
</tr>
<tr>
<td><strong>Tempus AI</strong>（TEM -4.48%）</td>
<td>5.2%</td>
<td>147%</td>
</tr>
<tr>
<td><strong>Robinhood Markets</strong>（HOOD 12.80%）</td>
<td>5.1%</td>
<td>272%</td>
</tr>
<tr>
<td><strong>Shopify</strong>（SHOP 1.60%）</td>
<td>5%</td>
<td>75%</td>
</tr>
</tbody>
</table>
<p>数据来源：Ark Invest, YCharts。表现截至 2025 年 6 月 27 日。</p>
<p>称其为令人印象深刻的表现绝对不为过。方舟创新 ETF 八大持股中表现最差的股票在过去一年中上涨了 52%。其中四只股票在短短一年内实现了三位数的回报。该 ETF 的股票在过去一年中上涨了 60%，其主要持股的表现无疑是推动这一增长的主要因素。</p>
<h2>方舟创新 ETF 仍然值得购买吗？</h2>
<p>可以肯定的是，方舟创新 ETF 的表现非常出色。但这并不一定意味着该 ETF 的股票价格昂贵，如果这些涨幅是实至名归的。</p>
<p>仅举几例，Coinbase 受益于对加密货币的重新关注以及普遍友好的监管环境。Palantir 的人工智能创新使其成为人工智能革命中最大的成功故事之一。而 Shopify 在执行其增长战略方面表现出色。它也在降低关税不确定性中获得了巨大的收益。</p>
<p>底线是，方舟创新 ETF 在任何定义下都不是一个便宜的投资。投资组合中的大多数股票的市盈率和市销率相对较高。但这并不一定意味着它是昂贵的，大多数主要持股的收入增长证明了我们所看到的表现和溢价估值。如果你希望在投资组合中增加人工智能的曝光，但又不想自己挑选个股，方舟创新 ETF 仍然是一个不错的选择。</p>

罗布乐思

<p>凯西·伍德的方舟创新 ETF 在不到三个月的时间里上涨超过 75%，表现优于主要股票指数。该 ETF 专注于人工智能股票，主要持股如特斯拉、Coinbase 和罗布乐思均显示出显著的涨幅。尽管在 2025 年初对人工智能投资和经济状况存在担忧，但更为乐观的前景推动了其表现。尽管该 ETF 的股票估值较高，但其收入增长支撑了这些价格，使其成为寻求人工智能投资而不想挑选个股的投资者的一个稳健选择</p>

<p>Cathie Wood's <strong>Ark Innovation ETF</strong>(ARKK 0.64%) has been one of the best performing ETFs in the market recently. In less than three months since the April lows, the ETF has gained more than 75%.</p>
<div class="lb-trans"><p>凯瑟·伍德的 <strong>方舟创新 ETF</strong>（ARKK 0.64%）最近成为市场上表现最好的 ETF 之一。在 4 月的低点以来不到三个月的时间里，该 ETF 的涨幅超过了 75%。</p>
</div><p>Of course, the entire stock market has rebounded during that period. In fact, the <strong>S&amp;P 500</strong> hit a fresh all-time high on the day this was written. But the Ark Innovation ETF has outperformed all of the major stock indices recently. Let's look at what is driving the performance, and whether this AI-focused ETF could be a smart buy right now.</p>
<div class="lb-trans"><p>当然，在此期间整个股市都出现了反弹。事实上，在撰写本文的当天，<strong>标准普尔 500 指数</strong> 创下了新的历史高点。但方舟创新 ETF 最近的表现超过了所有主要股指。让我们看看是什么推动了这一表现，以及这个以人工智能为重点的 ETF 现在是否值得投资。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxODQvdXNpbmctbGFwdG9wLWluLWRhdGEtY2VudGVyLTIwMjQuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823184%2Fusing-laptop-in-data-center-2024.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Here's why Ark Innovation ETF has soared recently</h2>
<div class="lb-trans"><h2>方舟创新 ETF 最近飙升的原因</h2>
</div><p>In a nutshell, the Ark Innovation ETF invests in a portfolio of mostly AI-focused stocks that have mostly performed quite well lately. Earlier in 2025, there was widespread fear that AI investment would slow down, that tariffs would hurt any AI stocks with international business, and that the U.S. economy was potentially heading for a recession.</p>
<div class="lb-trans"><p>简而言之，方舟创新 ETF 投资于一组主要集中在人工智能领域的股票，这些股票最近表现相当不错。在 2025 年初，市场普遍担心人工智能投资会放缓，关税会对任何有国际业务的人工智能股票造成伤害，美国经济可能会面临衰退。</p>
</div><p>Now, there is far less uncertainty and a generally brighter economic outlook. And it is certainly reflected in the performance of the Ark Innovation ETF's top holdings:</p>
<div class="lb-trans"><p>现在，不确定性大大减少，经济前景普遍更加光明。这在方舟创新 ETF 的主要持股表现中得到了充分体现：</p>
</div><table>
<thead>
<tr>
<th><strong>Company (Symbol)</strong></th>
<th><strong>% of Ark Innovation ETF Assets</strong></th>
<th><strong>1-Year Gain</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Tesla</strong>(TSLA -1.71%)</td>
<td>13%</td>
<td>66%</td>
</tr>
<tr>
<td><strong>Coinbase</strong>(COIN -0.80%)</td>
<td>8.7%</td>
<td>63%</td>
</tr>
<tr>
<td><strong>Roblox</strong>(RBLX -0.46%)</td>
<td>8.3%</td>
<td>185%</td>
</tr>
<tr>
<td><strong>Roku</strong>(ROKU 1.30%)</td>
<td>7.8%</td>
<td>52%</td>
</tr>
<tr>
<td><strong>Palantir</strong>(PLTR 4.38%)</td>
<td>5.5%</td>
<td>471%</td>
</tr>
<tr>
<td><strong>Tempus AI</strong>(TEM -4.48%)</td>
<td>5.2%</td>
<td>147%</td>
</tr>
<tr>
<td><strong>Robinhood Markets</strong>(HOOD 12.80%)</td>
<td>5.1%</td>
<td>272%</td>
</tr>
<tr>
<td><strong>Shopify</strong>(SHOP 1.60%)</td>
<td>5%</td>
<td>75%</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th><strong>公司（代码）</strong></th>
<th><strong>方舟创新 ETF 资产占比</strong></th>
<th><strong>一年涨幅</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>特斯拉</strong>（TSLA -1.71%）</td>
<td>13%</td>
<td>66%</td>
</tr>
<tr>
<td><strong>Coinbase</strong>（COIN -0.80%）</td>
<td>8.7%</td>
<td>63%</td>
</tr>
<tr>
<td><strong>罗布乐思</strong>（RBLX -0.46%）</td>
<td>8.3%</td>
<td>185%</td>
</tr>
<tr>
<td><strong>Roku</strong>（ROKU 1.30%）</td>
<td>7.8%</td>
<td>52%</td>
</tr>
<tr>
<td><strong>Palantir</strong>（PLTR 4.38%）</td>
<td>5.5%</td>
<td>471%</td>
</tr>
<tr>
<td><strong>Tempus AI</strong>（TEM -4.48%）</td>
<td>5.2%</td>
<td>147%</td>
</tr>
<tr>
<td><strong>Robinhood Markets</strong>（HOOD 12.80%）</td>
<td>5.1%</td>
<td>272%</td>
</tr>
<tr>
<td><strong>Shopify</strong>（SHOP 1.60%）</td>
<td>5%</td>
<td>75%</td>
</tr>
</tbody>
</table>
</div><p>Data sources: Ark Invest, YCharts. Performance as of 6/27/2025.</p>
<div class="lb-trans"><p>数据来源：Ark Invest, YCharts。表现截至 2025 年 6 月 27 日。</p>
</div><p>To call this an impressive level of performance would be an understatement. The <em>worst</em> performing stock out of Ark Innovation ETF's eight largest holdings is up by 52% over the past year. Four out of the eight have produced triple-digit returns in just a year. Shares of the ETF are up by 60% over the past year, and the performance of its top holdings has certainly been the driving force.</p>
<div class="lb-trans"><p>称其为令人印象深刻的表现绝对不为过。方舟创新 ETF 八大持股中表现最差的股票在过去一年中上涨了 52%。其中四只股票在短短一年内实现了三位数的回报。该 ETF 的股票在过去一年中上涨了 60%，其主要持股的表现无疑是推动这一增长的主要因素。</p>
</div><h2>Is the Ark Innovation ETF still a buy?</h2>
<div class="lb-trans"><h2>方舟创新 ETF 仍然值得购买吗？</h2>
</div><p>To be sure, the Ark Innovation ETF's performance has been spectacular. But that doesn't necessarily mean shares of the ETF are expensive, if the gains are well deserved.</p>
<div class="lb-trans"><p>可以肯定的是，方舟创新 ETF 的表现非常出色。但这并不一定意味着该 ETF 的股票价格昂贵，如果这些涨幅是实至名归的。</p>
</div><p>Just to name a few things, Coinbase is benefiting from renewed interest in cryptocurrencies and a generally regulatory-friendly environment. Palantir's AI innovations have made it one of the biggest success stories in the artificial-intelligence revolution. And Shopify has generally done an excellent job of executing on its growth strategy. It's also been a big winner of lower tariff uncertainty.</p>
<div class="lb-trans"><p>仅举几例，Coinbase 受益于对加密货币的重新关注以及普遍友好的监管环境。Palantir 的人工智能创新使其成为人工智能革命中最大的成功故事之一。而 Shopify 在执行其增长战略方面表现出色。它也在降低关税不确定性中获得了巨大的收益。</p>
</div><p>The bottom line is that the Ark Innovation ETF isn't a cheap investment by any definition. Most of the stocks in the portfolio trade for rather high price-to-earnings and price-to-sales ratios. But it isn't necessarily an expensive one, and the revenue growth of most of its top holdings justifies the performance and premium valuations we're seeing. If you're looking to add AI exposure to your portfolio but don't want to pick individual stocks yourself, the Ark Innovation ETF remains a solid option.</p>
<div class="lb-trans"><p>底线是，方舟创新 ETF 在任何定义下都不是一个便宜的投资。投资组合中的大多数股票的市盈率和市销率相对较高。但这并不一定意味着它是昂贵的，大多数主要持股的收入增长证明了我们所看到的表现和溢价估值。如果你希望在投资组合中增加人工智能的曝光，但又不想自己挑选个股，方舟创新 ETF 仍然是一个不错的选择。</p>
</div>

Cathie Wood's Ark Innovation ETF Surges on AI Bets, Led by Tesla and Roblox

- Ark 创新 ETF 最近表现优异，三个月内上涨超过 75%。  
- 投资组合主要集中在表现良好的 AI 股票，经济前景改善。  
- 尽管估值较高，但其顶级持股的收入增长支持了当前表现。  

凯西·伍德的方舟创新 ETF 因人工智能投资而大幅上涨，特斯拉和罗布乐思是其中的领头羊