WCBR - What Is (And Isn't) Working Among Technology Stocks In Q2 2024?
2024-06-26 01:00:00 ET
Summary
- Nvidia’s strong performance in the first half of 2024 has been a determining factor in the performance of technology-focused ETFs, with more weight to Nvidia resulting in stronger performance and less weight resulting in weaker performance.
- WisdomTree has three broad-based technology-oriented thematic ETFs: the WisdomTree Artificial Intelligence and Innovation Fund, WisdomTree Cloud Computing Fund, and WisdomTree Cybersecurity Fund.
- The market performance of software-oriented strategies has been challenging, but the use of AI will rely on software and cybersecurity solutions, indicating the importance of these areas in the AI megatrend.
By Christopher Gannatti, CFA
Why is [insert name of technology-focused ETF] underperforming in 2024?
This is a recurring question that we are facing in June 2024. Part of the reason is that, while we spend all this time trying to formulate more complete exposures to different technology-oriented thematic equity areas, Nvidia ( NVDA ) has been performing so strongly that performance so far in 2024 has been determined by:
- More weight to Nvidia = Stronger performance