One of the best ways to spot opportunity is by spotting hot themes.
Look at artificial intelligence, for example. Over the last several weeks, everything related to this theme has been explosive. Microsoft is the perfect example.
Earlier this week, the tech giant announced a $30 per month subscription for the use of generative AI with Microsoft 365 – and exploded. Or, look at Nvidia, which ran from $300 to $475 since May. Both could race even higher as the AI story intensifies.
And as more traders wake up to the opportunity, which could be worth more than $1.8 trillion by 2030. Better, analysts at Bank of America say AI is on the brink of an “iPhone moment” and could boost the global economy by $15.7 trillion in seven years.
“We are at a defining moment – like the internet in the ’90s – where Artificial Intelligence (AI) is moving towards mass adoption, with large language models like Chat GPT finally enabling us to fully capitalize on the data revolution,” said the firm, as quoted by Business Insider.
While investors can always invest in stocks, like MSFT and NVDA, another smart way to invest is with a well-diversified AI-related ETF, such as:
Global X Robotics & Artificial Intelligence ETF (BOTZ)
With an expense ratio of 0.68%, the Global X Robotics & Artificial Intelligence ETF (BOTZ) invests in companies that potentially stand to benefit from increased adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles, according to Global X.
ROBO Global Artificial Intelligence ETF (THNQ)
There’s also the ROBO Global Artificial Intelligence ETF (THNQ), which invests in companies that are leading the AI revolution. Included in THNQ are companies developing the technology and infrastructure enabling AI, such as computing, data and cloud-services, as well as companies that apply AI in various verticals, from business processes to e-commerce and healthcare.