2024-05-06 07:21:00 ET
Climbing 467% over the past three years, Nvidia (NASDAQ: NVDA) stock has skyrocketed as investors have raced to gain artificial intelligence (AI) exposure. Those looking to add AI exposure to their portfolios may feel they've missed the boat on Nvidia stock. Plus, they may feel overwhelmed by the variety of other choices to consider.
But the Roundhill Generative AI & Technology ETF (NYSEMKT: CHAT) has all those bases covered. In addition to holding a large position in Nvidia, the Roundhill Generative AI & Technology ETF provides exposure to a variety of other AI-focused companies that stand to benefit from growth in generative AI , machine learning , and large language models .
It wasn't so long ago that people had little exposure to generative AI. Nowadays, it feels unavoidable.
And it's nearly a certainty that its presence in our lives is going to continue ramping higher. In fact, many pundits predict that it's going to accelerate considerably. business intelligence firm Markets and Markets projects the generative AI market will represent about $21 billion in 2024 and soar at a 37% compound annual growth rate (CAGR) through 2030 when it will reach $137 billion.
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Instead of Buying Nvidia Stock, I'm Buying This AI ETF Hand Over Fist