In June, the AI sector experienced a notable selloff, driven by factors including expectations of the Federal Reserve maintaining or raising interest rates, disappointing semiconductor earnings, and a strong jobs report. This decline has created potential buying opportunities for investors before anticipated growth resumes.
Key ETFs include the iShares Expanded Tech Sector ETF (NYSEARCA: IGM), which has rallied nearly 27% year-to-date, and the WisdomTree Cloud Computing Fund (NASDAQ: WCLD), which is down about 15% YTD. IGM focuses on large-cap tech stocks with an expense ratio of 0.40%, while WCLD targets lesser-known cloud firms with an expense ratio of 0.45%. Additionally, the Global X FinTech ETF (NASDAQ: FINX) has fallen nearly 16% this year, concentrating on digital finance companies with a portfolio featuring a 0.68% expense ratio.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
