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

37.22

Mkt cap

3.1B

Volume

681K

High

37.75

P/E Ratio

27.70

52-wk high

42.78

Low

37.19

Div yield

0.00

52-wk low

30.85

The IMF warns that while AI can enhance market efficiency, it also poses risks of increased volatility and cyber threats. AI-driven trading, especially in equities and bonds, could lead to market instability. The IMF suggests enhancing regulation and supervision of AI-related activities.

Portfolio Pulse from Pooja Rajkumari

October 16, 2024 | 7:56 am

Alibaba's stock is rising due to China's stimulus plans, including a cut in banks' reserve requirement ratio and reverse repurchase rate. Alibaba is expected to benefit from these measures, with its cloud services and international expansion enhancing its position. The company is collaborating with Nvidia on autonomous driving and has partnered with XPeng. Additionally, Alibaba and JD.com have integrated logistics and payment services to combat demand slowdown. Alibaba's stock has gained 20% in the last 5 days.

Portfolio Pulse from Anusuya Lahiri

September 30, 2024 | 11:54 am

The Intelligent Livermore ETF (NASDAQ:LIVR), launched by Intelligent Alpha, uses AI to mimic investment strategies of prominent investors. It focuses on AI, Latin American and Asian equities, renewables, energy, and defensive stocks. LIVR has outperformed major ETFs like QQQ and SPY in its first week, gaining 4.1%.

Portfolio Pulse from Shanthi Rexaline

September 25, 2024 | 6:23 am

Alibaba's Taobao and Tmall platforms now accept WeChat payments, aiming to expand market share in China amid intense competition. This move could help Alibaba grow in less developed regions. Alibaba's stock has declined 13% over the past year. The company also launched a new digital technology company and reported a 4% revenue growth in Q1, missing analyst expectations.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 1:22 pm

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

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.