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AIEQ - AIQ: Portfolio Mismatch Due To Stock Selection Methodology
April, 01 2024 09:44 PM
AI Powered Equity
2024-04-01 21:44:43 ET
Summary Global X Artificial Intelligence & Technology ETF focuses on companies that use AI in their products or services, rather than infrastructure buildout. Approximately 25% of the AUM is in the current AI infrastructure stocks such as Nvidia, Broadcom and Samsung. The ETF has a portfolio price target upside potential of 9%, with Chinese companies like Tencent and Alibaba standing out. Valuation is not expensive and below the market at a PEG of 1.4x on 17% EPS growth in the YE24-25 time frame. Summary For further details see:
AIQ: Portfolio Mismatch Due To Stock Selection Methodology
Stock Information
Company Name:
AI Powered Equity
Stock Symbol:
AIEQ
Market:
NYSE
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