Just weeks into the new year, tech stocks are scorching hot.
Look at Nvidia (NVDA), for example.
Since the start of January, it ran from about $475 to a high of nearly $890. All thanks to explosive demand for chips.
Advanced Micro Devices (AMD) ran from about $135 to nearly $212 in weeks.
Again, thanks to AI chip demand.
Adding even more fuel to the fire for AMD and NVDA, competitor Taiwan Semiconductor Manufacturing (TSMC) said it expects revenue growth to be more than double the rate of the broader chip market this year.
All with the AI boom just getting underway. Plus, remember, Big Tech has been investing billions of dollars into it. You also know the market is worth billions, if not trillions. In fact, according to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – could grow twenty-fold by 2030 to more than $2 trillion.
While you can still buy NVDA and AMD at current prices, you can gain broader exposure to the AI boom – at less cost — with exchange traded ETFs like:
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Company: Global X Robotics and Artificial Intelligence ETF (BOTZ) With an expense ratio of 0.68%, The Global X Robotics & Artificial Intelligence ETF invests in companies that will benefit from increased adoption and utilization of robotics and artificial intelligence, including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles, according to Global X. Some of its top holdings include NVIDIA, Intuitive Surgical, SMC Corporation, iRobot Corporation, Accuray Inc. and Brooks Automation to name a few. |
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Company: Technology Select Sector SPDR Fund (XLK) There’s also the Technology Select Sector SPDR Fund (XLK). With an expense ratio of 0.10%, the ETF invests in technology hardware, storage, and peripherals; software; communications equipment; semiconductors and semiconductor equipment; IT services; and electronic equipment, instruments and components. Some of its top holdings include Microsoft, Apple, Broadcom, Nvidia, Adobe, and Cisco. |
Will Crypto Make People Rich Again Starting April 2024?
One catalyst has kicked off every one of the three major crypto bull markets.
Now, the same catalyst is set to hit again in April 2024.
Details on how to profit here.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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