Looking ahead to the second quarter of 2024, BlackRock suggested Friday that stocks appear well positioned to outperform both bonds and cash. While warning that investors should remain selective, the firm also spotlighted the potential driver AI represents.
The world’s largest asset manager noted that whenever the stock market provides positives returns in the month of January, it typically acts as a runup to a positive year with the correlating data holding up around 80% of the time, dating back to 1928.
“While a near-term pullback wouldn’t be surprising, we see fuel for the positive momentum to continue throughout the year,” BlackRock stated.
One of the key thematic areas that the financial institution is focused around is digital disruption and artificial intelligence.
“We are looking beyond the first layers of the AI technology stack ― data centers, chips and infrastructure ― to the next level of potential beneficiaries.”
For investors that share a similar insight and believe in the future value of artificial intelligence, here are some popular funds related to the sector:
- GX Artificial Intelligence & Tech ETF (NASDAQ:AIQ)
- GX Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ)
- ALPS Disruptive Technologies ETF (NYSEARCA:DTEC)
- Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN)
- iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO)
- Artificial Intelligence and Robotics ETF (NASDAQ:ROBT)
- iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB)
- iShares Exponential Technologies ETF (NASDAQ:XT)
- Robo Global Artificial Intelligence ETF (NYSEARCA:THNQ)
- Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT)
