The Simplest Way to Invest in the AI Revolution Is Hiding in Plain Sight
Yahoo Finance ·
In November 2022, OpenAI released GPT-3.5. This was a watershed moment, as the chatbot amassed 100 million monthly active users in just two months. This kicked off the artificial intelligence (AI) cycle. Companies involved in this technological shift have generally been rewarded by the market with huge returns. And given that Nvidia 's management predicts $3 trillion to $4 trillion in annual AI infrastructure spending by 2030, this trend doesn't appear to be slowing down. Do you want to invest in the AI revolution? The simplest way to do so might be hiding in plain sight. Investors looking for a hassle-free way to gain exposure to the AI trade should take a look at the Invesco QQQ Trust ( QQQ -1.12% ) . It tracks the performance of the largest 100 nonfinancial companies that trade on the Nasdaq exchange, otherwise known as the Nasdaq-100 index. It's much more concentrated than the popular S&P 500 benchmark, and there's a focus on technology names.
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