Global X Artificial Intelligence & Technology ETF (AIQ) Hits 52-Week High

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Investors seeking momentum in the tech sector may find the Global X Artificial Intelligence & Technology ETF (AIQ) intriguing. The ETF recently reached a 52-week high, marking a remarkable 52.09% increase from its 52-week low of $19.58 per share.

AIQ in Focus AIQ is designed to track the Indxx Artificial Intelligence & Big Data Index, which aims to provide exposure to companies positioned to benefit from artificial intelligence (AI) technology’s development and utilization. The index also includes companies that offer hardware facilitating AI’s use for big data analysis. With an expense ratio of 68 basis points annually, AIQ has gained attention among investors interested in artificial intelligence and technology-focused exchange-traded funds (ETFs).

ETF Newz Says:

The global AI market is poised for significant growth, with a projected compound annual growth rate (CAGR) of approximately 17.3% from 2023 to 2030. This trajectory is expected to result in a market valuation of approximately $738.80 billion, according to Statista. The transformative potential of AI in enhancing global productivity and gross domestic product (GDP) is substantial.

As AI technologies continue to reshape industries and offer innovative solutions across various sectors, investors are increasingly attracted to ETFs like AIQ. The fund’s recent surge to a 52-week high reflects growing optimism about the role of AI in shaping the future of business and technology.

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