Jim Cramer Thinks People Who Say AI Is Hype Are 'Only Fooling' Themselves - 3 ETFs To Take Advantage Of The AI Revolution
Portfolio Pulse from Johnny Rice
The US markets have seen a strong performance in 2023, with the S&P 500 up 17%. Tech giants like Apple and Meta Platforms have seen significant growth, but NVIDIA Corp has outperformed them with a 202.4% increase YTD, largely due to its involvement in AI. CNBC's Jim Cramer has dismissed claims that AI is pure hype. AI-related ETFs, such as Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares, Spear Alpha ETF, and iShares U.S. Technology ETF, have also performed well since the start of the year.
August 14, 2023 | 8:12 pm
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POSITIVE IMPACT
Apple Inc has seen a 43.06% increase YTD, contributing to the strong performance of the US markets.
Apple's significant growth YTD indicates a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Meta Platforms Inc has seen over 143% growth since the start of the year.
Meta Platforms' significant growth since the start of the year indicates a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
iShares U.S. Technology ETF has seen a 42.65% increase YTD.
The ETF's significant growth YTD indicates a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA Corp has seen a 202.4% increase YTD, largely due to its involvement in AI.
NVIDIA's significant growth YTD, largely due to its involvement in AI, indicates a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Spear Alpha ETF has seen a 45.65% increase YTD.
The ETF's significant growth YTD indicates a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares has seen a 53.26% increase YTD.
The ETF's significant growth YTD indicates a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80