February 29, 2024



In 2023, artificial intelligence (AI) was a major theme in the stock market, boosting tech giants like Nvidia and Microsoft to record-high stock prices. However, smaller AI stocks have seen gains but remain well below their all-time high levels. To take advantage of the upside AI has to offer, exchange-traded funds (ETFs) are a great way to own a slice of AI without having to pick individual stocks. The Ark Innovation ETF (ARKK) is heavily weighted towards top holdings that include companies like Coinbase Global, Tesla, and UiPath, which are heavily involved in AI technology. This ETF yielded a powerful gain of 74% in 2023, but is prone to volatility. The Global X Artificial Intelligence and Technology ETF (AIQ) is a more conservative option, holding a more diverse portfolio, including companies like Intel, ServiceNow, Meta Platforms, Amazon, and Salesforce, all heavily involved in AI technology. This ETF had a gain of 54% in 2023 and is closing in on an all-time high. Both ETFs offer a way to own a portfolio of AI stocks, with ARKK being a better option for investors with a moderate appetite for risk and AIQ being a good choice for investors who want to own all the best names in the AI industry while maintaining a conservative risk profile.



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