The Ark Innovation ETF ARKK, the innovation benchmark, has tumbled -33% year-to-date, -60% off its February 2021 highs. ARK Innovation ETF (ARKK): ETF Research Reports Outsized demand is what is causing this inflationary environment, and analyst beating results & forward guidance from Apple AAPL & Microsoft MSFT just showed that our appetite for the hottest tech might be insatiable.