- SUMMARY
In the rapidly evolving realm of Artificial Intelligence (AI), investment opportunities are surging as AI’s impact on various industries intensifies.
One promising way to capitalize on this growth is through exchange-traded funds (ETFs) that invest in companies involved in AI development and utilization.
This analysis presents a list of the top AI ETFs to consider for potential growth over the next decade.
The selection process involved evaluating various AI ETFs based on a weighted point system considering past performance and other attributes.
The top contenders, ranked by performance, are: 1.
Invesco semiconductors (PSI): Focuses on US companies in the semiconductor industry, with a tilt towards smaller and medium-cap companies.
2.
Qra AI-enhanced US large cap momentum ETF (AMOM): Utilizes an AI model to select securities, resulting in a diverse portfolio including tech giants like Apple and Microsoft.
3.
Invesco QQQ Series 1 ETF (QQQ): Invests in the top large-cap companies listed on the Nasdaq, providing exposure to the overall technology sector.
4.
Fidelity MSCI Information Technology Index (FTEC): Invests in a wide range of technology companies, including software, hardware, and semiconductors.
5. iShares US Technology Independence Focused ETF (IC): An actively managed fund that invests in technology companies beyond the traditional tech sector, including consulting firms specializing in AI implementation.
6. iShares Expanded Tech Sector ETF (IGM): Leverages AI advancements to enhance business processes, with investments in social media, technology giants, and online marketplaces.
7. iShares US Technology ETF (IWY): Invests in 250 US technology companies, including Salesforce, which offers customizable AI platforms for customer service, sales, and marketing.
8. iShares Semiconductor ETF (SOXX): Focused on semiconductor companies, with strong representation from AMD and Marvel.
9.
VanEck Semiconductor ETF (SMH): Another semiconductor-focused ETF, with a concentration in companies like AMD, Intel, and Nvidia.
The analysis highlights the significant potential gains available through AI-focused ETF investments.
By investing in these funds, individuals can capture the expected surge in AI adoption and technological advancements projected for the coming decade.
- Key Takeaways
Consider ETFs that invest in AI development and utilization for potential growth.
AI’s impact on various industries intensifies, and ETFs provide an opportunity to capitalize on this growth.
Evaluate AI ETFs based on their past performance, fund composition, and other factors.
The analysis presents a ranked list of the top AI ETFs like Invesco semiconductors (PSI) and Qra AI-enhanced US large cap momentum ETF (AMOM) based on these criteria.
Select ETFs with exposure to a diverse range of AI applications, including software, hardware, consulting, and semiconductors.
Fidelity MSCI Information Technology Index (FTEC) and iShares Expanded Tech Sector ETF (IGM) offer broad exposure, while Invesco semiconductors (PSI) focuses on semiconductor companies.