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    Home»Investing»AI ETFs Thrive As Investors Show Growing Enthusiasm In 2024
    Investing

    AI ETFs Thrive As Investors Show Growing Enthusiasm In 2024

    October 28, 20242 Mins Read


    What’s going on here?

    Investment in AI-themed exchange-traded funds (ETFs) is booming in 2024, with a third of all AI-named ETFs debuting this year, showcasing heightened investor interest in artificial intelligence.

    What does this mean?

    AI-focused ETFs have amassed $4.5 billion in assets, nearly matching the $5.5 billion in nuclear-themed funds and overshadowing the $1.37 billion cannabis market. BlackRock is shaking things up by launching two new offerings – iShares A.I. Innovation and Tech Active ETF and iShares Technology Opportunities Active ETF – to seize emerging AI opportunities. Their first product from 2018, iShares Future AI & Tech ETF, is nearing a 52-week high, reinforcing investor confidence. Meanwhile, Nvidia’s stock has soared over 200% this year, crucial for AI hardware. Bank of America’s analysts highlight a $206 billion surge in capital expenditure among top tech firms, signaling an ‘AI arms race’. Plus, venture capital in AI startups may hit $79.2 billion by year’s end, marking a robust 27% growth from 2023. This wave of enthusiasm shows an evolving landscape for AI investments.

    Why should I care?

    For markets: Riding the AI wave in investing.

    The AI ETF sector’s growth is reshaping investment landscapes, reflecting broader industry optimism. The Global X Artificial Intelligence & Technology ETF’s 20% rise this year lags behind the S&P 500’s 22% gain but underscores the sector’s vibrancy. Rebranding moves, like Amplify’s shift to the Bloomberg AI Value Chain ETF, aim to capture AI-related advancements and investor capital.

    The bigger picture: AI innovation fuels financial growth.

    The surge in AI-related investments and ETF launches shows a broader macroeconomic shift toward AI as a key growth driver. With venture capitalists heavily backing AI startups, accounting for 40% of all VC investments, and significant spending hikes by tech giants, AI is positioning itself as foundational to future technological and economic strategies globally.



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