AI is evolving into the initial stages of commercialization, with a focus on return on investments rather than volume of investments. Global X Artificial Intelligence & Technology ETF (AIQ) has outperformed peers in performance and assets managed. AIQ is undervalued with strong momentum and macro tailwinds, making it a strong contender for investor capital.
Artificial intelligence (AI) has already begun to change the world, with powerful large language models (LLMs) like ChatGPT finding a spot on our laptops and phones. Undoubtedly, there's no telling where the AI-driven stock market rally goes from here.
AI could add trillions of dollars to the global economy in the next decade, so investors are racing to deploy money into the sector. Nvidia has become the poster child of AI, and its stock has surged 209% over the past year alone.
For investors seeking momentum, Global X Artificial Intelligence & Technology ETF AIQ is probably on the radar. The fund just hit a 52-week high and is up 42.67% from its 52-week low price of $24.21/share.