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.

Open

38.05

Mkt cap

2.2B

Volume

513K

High

38.12

P/E Ratio

39.30

52-wk high

39.16

Low

37.59

Div yield

0.00

52-wk low

29.26

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

Alibaba has launched Qwen2, an advanced AI model that claims to outperform Meta's Llama 3 in specific tasks. The company is also expanding its cloud computing services globally and aims for double-digit growth in 2024. Alibaba's stock has declined 9% over the past year but is currently trading higher.

Portfolio Pulse from Anusuya Lahiri

June 10, 2024 | 4:58 pm

A UBS report suggests that Microsoft may be Nvidia's largest customer, contributing to 19% of Nvidia's revenue in fiscal 2024. Nvidia's stock has surged 130% this year, driven by demand for AI processors. The report also highlights the growing interest in AI ETFs like BOTZ, AIQ, and ROBO. Nvidia's CEO will attend Taiwan's AI Tech Fest, and the U.S. has halted AI chip sales to the Middle East due to security concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:18 am

The article discusses the performance of major AI ETFs in 2024, including BOTZ, AIQ, and ROBO, and compares them to the S&P 500. BOTZ and AIQ have appreciated by 10.63% and 10.33% respectively, while ROBO has declined by 0.94%. None of these ETFs outperformed the S&P 500, which gained 11.46% in 2024.

Portfolio Pulse from Hayden Buckfire

May 29, 2024 | 6:22 pm

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