Streetbeat News

AIQ

Global X Artificial Intelligence & Technology ETF

http://www.globalxfunds.com/funds/aiq/

Industry

Asset Management

The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to track the performance of companies involved in the development and utilization of artificial intelligence ("AI") and big data. The fund is non-diversified.

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Alibaba's inclusion in Stock Connect could unlock $3.2 billion, benefiting global markets. Despite recent struggles, Alibaba remains focused on AI ambitions. Investors can access Alibaba through ETFs like AVEM and AIQ.

Portfolio Pulse from Anusuya Lahiri

August 28, 2024 | 1:13 pm

Peter Thiel discussed the future of AI on the Joe Rogan Experience podcast, suggesting it could take 15-20 years for AI to become super dominant. He highlighted the importance of AI passing the Turing test and its potential to dramatically reshape society. The Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) saw a 1.14% increase, reflecting positive sentiment towards AI's future.

Portfolio Pulse from Shanthi Rexaline

August 20, 2024 | 7:05 am

Barclays analysts warn that AI companies, including Nvidia, Alphabet, Meta, and Amazon, face significant depreciation costs that are not fully factored into current valuations. This could lead to a decline in stock prices over the next year. The Global X Artificial Intelligence & Technology ETF (AIQ) also saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

August 13, 2024 | 8:57 am

Alibaba Group Holding Ltd (NYSE:BABA) shares surged as the company announced a new strategy to increase merchant service fees, boosting revenue. The stock jumped 3% in the U.S. market. Starting in September, Alibaba will implement a 0.6% software service fee on confirmed transactions for vendors using its Tmall and Taobao platforms. This new fee structure is expected to significantly boost Alibaba's core merchant revenue.

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 10:53 am

The article discusses various market movements and economic indicators. Key points include a drop in QQQ due to speculative sentiment, a cooling AI frenzy affecting semiconductor stocks, and a stronger-than-expected Q2 GDP. The yen's rise is impacting gold, bitcoin, and oil prices. Notable stocks and ETFs mentioned include AAPL, ADI, AIQ, AMAT, AMZN, GOOG, IYW, MDB, META, MSFT, MU, NVDA, NXPI, PCG, PWR, QCOM, QQQ, SMH, SPY, TSLA, GLD, SLV, and USO.

Portfolio Pulse from The Arora Report

July 25, 2024 | 3:12 pm

Tech stocks experienced a significant sell-off due to geopolitical comments from Trump and Biden, and lukewarm guidance from ASML. Gene Munster warns of a short-term slowdown in AI progress but remains optimistic about its long-term potential.

Portfolio Pulse from Shanthi Rexaline

July 18, 2024 | 7:25 am

Alibaba Group Holding's (NYSE:BABA) cloud computing unit will close its data centers in Australia and India, redirecting investments to Southeast Asia and Mexico. The closures are part of an infrastructure strategy update. Alibaba's stock has declined over 14% in the past year. Investors can gain exposure to Alibaba via Avantis Emerging Markets Equity ETF (NYSE:AVEM) and Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ).

Portfolio Pulse from Anusuya Lahiri

June 28, 2024 | 2:04 pm

Alibaba Cloud has introduced an AI programmer powered by its self-developed large language model to speed up app development. This innovation aims to reduce development time significantly, though it has received mixed reactions from human programmers. Alibaba's stock has faced challenges, losing 14% in the last year, but analysts predict a potential upside. Investors can gain exposure to Alibaba through ETFs like AVEM and AIQ.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 12:54 pm

Alibaba Group Holding Ltd. (NYSE:BABA) has denied reports of planning to sell its Thailand unit of Lazada Group. The company has made significant investments in Lazada, which is part of its International Digital Commerce Group. Despite a 15% stock decline over the past year, BABA shares traded higher by 0.43% on Thursday. Investors can also gain exposure to Alibaba through ETFs like Avantis Emerging Markets Equity ETF (NYSE:AVEM) and Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ).

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 1:34 pm

Alibaba's affiliate Ant Group has invested $2.9 billion in AI research in 2023, focusing on its large language model BaiLing. The company has expanded its overseas operations and collaborated with over 30 e-wallet platforms for cross-border payments. Alibaba's stock has declined 11% over the past year.

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 1:28 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.