Gemini

Momentum

<p>AI demand and market outlook have skyrocketed in the past few weeks. Factors like feasibility, ease of operations, and higher demand have the artificial intelligence industry looking forward to a higher growth prospect. Amidst the growth opportunities for AI, market participants are now betting on AI and robotics-focused ETFs.</p>
<h2 id="ai-etfs-to-likely-capture-market-in-the-future">AI ETFs to Likely Capture Market in the Future</h2>
<p>Bloomberg analyst Eric Balchunas believes that the top themes for ETFs in the upcoming ten years will be robotics and artificial intelligence. Balchunas says that fresh performance bursts and investors’ attention provided by Nvidia and ChatGPT are key for ETF attraction in the future. Moreover, the two factors that are essential for theme expansion, especially in ETFs are hocked with AI. These include investor imagination and a market outburst.</p>
<h2 id="ai-market-hype-increases-with-tech-giants-focusing">AI Market Hype Increases with Tech Giants Focusing</h2>
<p><a href="https://coingape.com/ai-competition-intensifies-as-apple-prioritizes-artificial-intelligence-over-ev/" target="_blank" rel="noopener noreferrer nofollow">Apple</a> recently announced that it is probably going to shift its attention to AI goods going forward. The decision was made in response to tech corporations’ attempts to profit handsomely from artificial intelligence services. Google has already unveiled an updated version of its AI-powered Gemini for Workspace. Microsoft is likewise bolstering its AI product portfolio with important additions in the same contest.</p>
<p>Most tech companies these days are trying to make good money off of artificial intelligence. In one form or another, almost all publicly traded technology companies are engaged with AI products. However, as of right now, these products continue to bring in relatively little money. Tech businesses are working hard to jump on the artificial intelligence bandwagon to make good money. Additionally, it is now anticipated that the AI market will grow tremendously in 2024.</p>
<h2 id="nvidia-s-earnings-sparks-ai-growth-momentum">Nvidia’s Earnings Sparks AI Growth Momentum</h2>
<p>The current performance of Nvidia serves as an excellent example of how important AI revenue is to many tech titans at the moment. Nvidia recorded adjusted profits per share (EPS) of $5.16 for the quarter on $22.1 billion in revenue. Analysts had projected revenue of $20.4 billion and profits per share of $4.60. Additionally, that represents a significant improvement over Nvidia’s $0.88 per share of $6.1 billion from the same quarter prior. The fact that Nvidia made $27 billion in sales in the 2022 fiscal year served as another evidence of the company’s success.</p>
<p>For IT organizations, artificial intelligence will be a big source of future revenue. Moreover, between 2023 and 2030, the global artificial intelligence <a rel="noopener noreferrer nofollow" href="https://www.statista.com/outlook/tmo/artificial-intelligence/worldwide#:~:text=Artificial%20Intelligence%20%2D%20Worldwide&amp;text=The%20market%20size%20is%20expected,US%24106.50bn%20in%202024)." target="_blank">market</a> is projected to grow at a compound annual growth rate (CAGR) of 37.3%. China is expected to benefit from AI the most, according to Forbes. The GDP of the country will have grown by 26% by 2030, with a 14.5% growth in North America also. Together, these advantages will provide about 70% of the $10.7 trillion global economic impact.</p>
<p>The post <a href="https://coingape.com/ais-growth-momentum-to-also-seep-into-etfs-in-upcoming-decade/" rel="noopener noreferrer nofollow">AI’s Growth Momentum to Also Seep Into ETFs in Upcoming Decade</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

AI’s Growth Momentum to Also Seep Into ETFs in Upcoming Decade

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