Catherine Wood, founder and CEO of Ark Invest, and Christopher Retzler, portfolio manager at Needham Funds, are both searching for firms that are going to benefit from the move to the cloud and to mobile.
Wood likes Amazon. She points out that Jeff Bezos, the firm's founder and CEO, is utilizing web services, but his next move is logistics.
"He's buying planes, boats and airports, so we think this is a huge play," she said. "Not only on online retail, but also infrastructure as a service, which he believes could be as big as retail."
Wood believes Amazon will reach a $1 trillion market valuation.
Pure Storage came out in a tough market. The stock prices have been under significant pressure, but it's still growing at a very nice top-line basis.Christopher Retzlerportfolio manager at Needham Funds
Retzler is bullish on Super Micro Computer, which designs, develops, manufactures and sells servers based on the x86-64 architectures. He says the company is an innovator and a true disruptor.
"They provide a high-performance, specially designed server," he said. "So it is a facilitator of much of this disruption that is going on. So we think they have a great long-term plan ahead of them."
Retzler said he also likes to play into the "broken initial public offering space." He likes Pure Storage, an enterprise data flash storage company.
"Pure Storage came out in a tough market," he said. "The stock prices have been under significant pressure, but it's still growing at a very nice top-line basis."
Both Wood and Retzler said they are seeing a transformation in next-generation technologies. As people decide to move to the cloud or not move to the cloud, it's really provisioning what you're going to put in those different buckets. Retzler believes traditional storage will still remain, but he thinks there's an ever-expanding area where Pure Storage is playing, which is the all-flash array.
Portfolio manager disclosure: The following stocks mentioned or intended to be mentioned on CNBC's Portfolio Perspective video segment:
Catherine Wood owns shares in Amazon (AMZN) and ARK invests in Amazon.
Christopher Retzler owns shares in Super Micro Computer (SMCI) and Pure Storage (PSTG).
