2025五大创想：5个驱动增长的伟大驱动力_5+Big+Ideas.pdf

FEBRUARY04,2025RESEARCHREPORTFORINFORMATIONALPURPOSESONLYWWW.ARK-INVEST.COM

BIGIDEAS2025

ARKInvestmentManagementLLC.Thisisnotarecommendationinrelationtoanynamedparticularsecurities/cryptocurrenciesandnowarrantyorguaranteeisprovided.Anyreferencestoparticular

securities/cryptocurrenciesareforillustrativepurposesonly.ThereisnoassurancethattheAdviserwillmakeanyinvestmentswiththesameorsimilarcharacteristicsasanyinvestmentpresented.The

readershouldnotassumethataninvestmentidentifiedwasorwillbeprofitable.PASTPERFORMANCEISNOTINDICATIVEOFFUTUREPERFORMANCE,FUTURERETURNSARENOTGUARANTEED.

ARK’SBigIdeas2025

RisksOfInvestingInInnovation

Pleasenote:CompaniesthatARKbelievesarecapitalizingondisruptiveinnovationanddevelopingtechnologiestodisplaceolder

technologiesorcreatenewmarketsmaynotinfactdoso.ARKaimstoeducateinvestorsandseekstosizethepotentialinvestment

opportunity,notingthatrisksanduncertaintiesmayimpactourprojectionsandresearchmodels.Investorsshouldusethecontent

presentedforinformationalpurposesonly,andbeawareofmarketrisk,disruptiveinnovationrisk,regulatoryrisk,andrisksrelatedto

certaininnovationareas.

Pleasereadriskdisclosurecarefully.

RISKOFINVESTINGININNOVATION

RAPIDPACEOFCHANGEREGULATORYHURDLES

EXPOSUREACROSSSECTORSANDMARKETCAPDISRUPTIVEPOLITICALORLEGALPRESSURE

INNOVATION

UNCERTAINTYANDUNKNOWNS