The Dow Jones Industrial Average experienced a significant boost in 2023, largely driven by Nvidia, which saw its stock price rise by over 170%. Despite some initial momentum loss early in the year due to economic concerns, AI stocks have rebounded on strong earnings reports, with analysts projecting the AI market to exceed $2 trillion by the early 2030s.
This surge in AI interest has led to the launch of the Dan Ives Wedbush AI Revolution ETF (NYSEMKT: IVES), which invests in 30 companies across various AI sectors. The fund, which recently launched, has top holdings in Microsoft, Nvidia, and Broadcom, each comprising over 5% of the $59 million fund, and has a management fee of 0.75%.
Investors are encouraged to consider diversifying their portfolios with ETFs like the Ives ETF to capitalize on the expanding AI market and its potential long-term growth.
