Prediction: This New ETF Could Be the Best Way to Invest in the AI Revolution
Artificial intelligence (AI) stocks drove market gains last year, and this doesn't apply only to the tech-heavy Nasdaq Composite. Even the Dow Jones Industrial Average got a boost from AI as Nvidia posted the biggest gain in the index -- the AI chip leader soared more than 170%.Though momentum paused earlier this year amid concerns about economic growth, it's since picked up steam again on strong earnings reports and capital spending forecasts from AI companies. And the long-term outlook remains bright, with analysts predicting the AI market will top $2 trillion by the early 2030s.All of this means now is a great time to invest in companies that are benefiting from this growth as well as those that are positioned to benefit down the road. To do this, you could select a few individual stocks, but with this move alone, your opportunity for gains is tied to the prospects of only these players. If you add the following asset to your portfolio, though, you could supercharge your winning power. My prediction is this new exchange-traded fund (ETF) -- involving star analyst Dan Ives -- could be the best way to invest in the AI revolution. Let's find out more.Continue reading
Artificial intelligence (AI) stocks drove market gains last year, and this doesn't apply only to the tech-heavy Nasdaq Composite. Even the Dow Jones Industrial Average got a boost from AI as Nvidia posted the biggest gain in the index -- the AI chip leader soared more than 170%.
Though momentum paused earlier this year amid concerns about economic growth, it's since picked up steam again on strong earnings reports and capital spending forecasts from AI companies. And the long-term outlook remains bright, with analysts predicting the AI market will top $2 trillion by the early 2030s.
All of this means now is a great time to invest in companies that are benefiting from this growth as well as those that are positioned to benefit down the road. To do this, you could select a few individual stocks, but with this move alone, your opportunity for gains is tied to the prospects of only these players. If you add the following asset to your portfolio, though, you could supercharge your winning power. My prediction is this new exchange-traded fund (ETF) -- involving star analyst Dan Ives -- could be the best way to invest in the AI revolution. Let's find out more.
