Cathie Wood says recent sell-off is not the end of the tech trade, 'exponential' growth ahead

Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018.
Alex Flynn | Bloomberg | Getty Images

Star fund manager Cathie Wood defended the innovation sector on Tuesday, explaining that the recent weakness in tech stocks will ultimately reverse course and can't be compared to the bubble top of 2000.

"Many consider what has happened in the last three months to be the beginning of another, or the equivalent of, the tech and telecom bust. We do not believe that's the case in the least," Wood said during an Ark Invest webinar on Tuesday.

More In Follow the Pros

CNBC ProCNBC’s 'Halftime Report' traders answer your questions on Freeport-McMoRan, Roblox and Delta
watch now
CNBC ProHalftime traders on Roblox, Delta, Freeport and defense stocks like Lockheed Martin
CNBC ProCathie Wood adds Roblox during drop, continuing trend of buying stocks on big dips