Amazon and SpaceX Compete for Market Value
Amazon (NASDAQ: AMZN) and Space Exploration Technologies (SpaceX, NASDAQ: SPCX) are vying to become the world’s fifth-most valuable publicly traded company. As of June 18, 2023, Amazon’s market value is stable due to profitability and its strong presence in artificial intelligence through Amazon Web Services. In contrast, SpaceX is in a high-risk growth phase, incurring losses while expanding its AI capabilities.
Investment Options in AI
The KraneShares Artificial Intelligence and Technology ETF (NASDAQ: AGIX), valued under $50 per share, offers exposure to both companies. It holds 2.2% in SpaceX, valued at over $20 million, and 2.8% in Amazon, valued at over $26 million. The ETF focuses on AI-related stocks, investing at least 80% of its net assets in the Solactive Etna Artificial Intelligence Index.
Key Considerations for Investors
While the KraneShares ETF provides access to major AI players and private companies, its heavy focus on the AI sector poses risks during market sell-offs. Investors should weigh these factors when considering their portfolios.
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