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Nvidia CEO Jensen Huang announced that data center operators could spend up to $4 trillion over the next five years to upgrade infrastructure for artificial intelligence (AI). Additionally, Nvidia plans to invest $100 billion in OpenAI, indicating significant growth expectations in the AI software sector.
The iShares Future AI and Tech ETF (NYSEMKT: ARTY) has outperformed the S&P 500, achieving a return of approximately 46% since its restructuring in August 2022, compared to the S&P 500’s 25%. The ETF includes 48 concentrated holdings, with a median return of 488% for its top 10 stocks since early 2023.
Investing in this ETF offers exposure to key players in the AI sector, including Nvidia, Palantir Technologies, and Advanced Micro Devices. The ETF trades for under $50 per share with an expense ratio of 0.47%, and it may serve as a strategic investment as AI infrastructure spending continues to rise.
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