Tag: ETF disruptive technology

As we near the first anniversary of ChaptGPT’s launch, stock investors question the valuation of AI companies and if 2023 was really the “year of AI”. Nvidia has particularly stood out, with its market capitalization rising substantially. Its performance and influence in the sector are unparalleled. Nevertheless, the broad AI ecosystem still holds potential and investment opportunities, especially with AI gradually permeating everyday software experiences. WisdomTree advises investors to consider a wide range of AI companies that could benefit from the growth of this emerging sector.

Artificial Intelligence (AI) has significantly influenced global tech trends in 2023. While AI is being incorporated into various software and new tools are spawning, cloud software companies have lagged behind in the AI rally. Notable stocks in 2023 include the “Magnificent 7” and Nvidia. However, this underperformance in cloud companies may present future opportunities as valuations have decreased and AI offers potential growth catalysts.

Nvidia, a leader in the cloud computing space, faces competition from Intel, AMD, and several AI chip startups. Despite this, Nvidia maintains a strong market presence due to its Compute Unified Architecture. Significant growth is expected for Nvidia’s fiscal year, with potential earnings increases of over 200%. Nvidia’s technology is dominant in AI applications, making competition tough for startups. However, tech giants like Google and Amazon have been developing their own AI chips, posing serious competition for Nvidia.

Tesla CEO Elon Musk Presenting A New Battery System Kevork Djansezian/Getty Images News In the comment section of a recent article I wrote on Tesla,

Investors interested in benefiting from the global clean energy transition might consider the Fidelity Clean Energy ETF (FRNW), which tracks a market-cap-weighted index of firms deriving at least 50% revenue from clean energy. Examples of such companies include Danish wind turbine manufacturer Vestas, Xinyi Solar, and Enphase Energy, all of which have demonstrated considerable growth over the recent years.

  RoschetzkyIstockPhoto/iStock Editorial via Getty Images Amplify Lithium & Battery Technology ETF (NYSEARCA:BATT) is a sector-specific fund that focuses on companies that derive a significant