Site icon VMVirtualMachine.com

Exclusive: WisdomTree’s CIO Advises Diversifying Beyond NVIDIA when Investing in AI

Exclusive: WisdomTree’s CIO Advises Diversifying Beyond NVIDIA when Investing in AI
Spread the love

In a recent interview with Benzinga, Jeremy Schwartz, the global chief investment officer of WisdomTree, discussed the company’s focus on artificial intelligence (AI) and its potential to transform various industries. He emphasized the significant investments being made in IT infrastructure by global corporations, with over $100 billion allocated annually. Schwartz highlighted the emergence of chatbots and ‘CoPilots’ that enhance existing software, as well as the discussion around AI’s ability to improve productivity across all industries.

To capitalize on the AI revolution, Schwartz suggested that investors look beyond popular companies like Nvidia Corp. and explore diverse exposure through thematic ETFs. Specifically, he mentioned the WisdomTree Innovation and Artificial Intelligence Fund (WTAI) as a strategic investment option. This ETF is invested in 80 stocks, offering broad exposure to the AI landscape. The top 10 stocks in the fund make up 22.18% of its portfolio, showcasing a more diversified approach compared to the segment average.

In addition to WTAI, Schwartz discussed other funds that provide similar exposure to AI and highlighted their performance over the past year. He emphasized the potential for AI integration into everyday devices such as smartphones and laptops in the second half of 2024, marking a significant shift in how AI is utilized in daily life. Schwartz recommended a holistic approach to investing in AI, emphasizing the importance of staying adaptable and open to new possibilities in the evolving field.

Overall, WisdomTree advocates for a broad and holistic approach to AI investing, with the belief that investing in a diversified fund like WTAI increases the chances of capturing significant AI developments. By investing in AI-focused ETFs, investors can ride the wave of AI innovation and position themselves to benefit from future advances in the field. The integration of AI into daily devices is expected to be a major breakthrough in 2024, signaling a fundamental change in AI utilization.

In conclusion, investing in AI-focused funds provides a strategic advantage for investors looking to participate in the AI revolution. By staying adaptable and open to new opportunities, investors can position themselves for success in the rapidly evolving field of AI. WisdomTree’s thematic ETF offerings, such as WTAI, present an attractive option for gaining exposure to AI stocks and maximizing investment potential in the AI sector.

Article Source
https://markets.businessinsider.com/news/etf/exclusive-investing-in-ai-diversify-beyond-the-likes-of-nvidia-says-wisdomtree-s-cio-1033406931

Exit mobile version