In an exclusive interview with Benzinga, Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, shared his insights on sectors and themes that are currently capturing the firm's attention.
As we navigate through the first half of 2024, he pointed to one area that stands out prominently: artificial intelligence (AI) and its transformative potential across various industries.
AI: The Game Changer For 2024
Schwartz highlighted that global corporations are investing heavily in computing infrastructure, with over $100 billion being allocated annually.
“We are also observing the emergence of superior chatbots and "CoPilots" that optimize existing software as well as conversations about how AI has the potential to increase productivity across nearly every industry,” said Schwartz.
These advancements underscore AI’s potential to boost productivity across nearly every sector, a trend that investors cannot afford to overlook.
Thematic ETFs: Diversified Exposure To AI
To capture alpha from AI’s potential, Schwartz advocates that “investors can get diverse exposure to AI, beyond the likes of Nvidia Corp (NASDAQ:NVDA) that so many others are focusing on.”
Also Read: Will Nvidia’s Earnings Stoke Market Rally Further? Strategist Weighs In: ‘I Would Think Investors Are Going To Be Nervous’
In this regard, WisdomTree's approach to ...Full story available on Benzinga.com
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