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
Read the full article on Seeking Alpha
For further details see:
AIQ: Portfolio Mismatch Due To Stock Selection Methodology