In recent months, the macro trend in artificial intelligence has literally taken off with the Nasdaq Global AI and Big data index.
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The Nasdaq Global AI and Big data index, after falling towards the end of September 2023 to below 1,160 points, has in fact started a solid bullish movement and has risen above 2,280.
Quantitative analysis confirms the presence of a solid up-trend, with the main directional indicators turning long.
After a brief pause of consolidation, necessary to unload the strong overbought recorded by the most reactive oscillators, a further extension is therefore possible, with a first target at 2,300 points, a second target close to 2,340 and a third theoretical projection in the 2,375-2,380 point area.
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For now, it is difficult to hypothesise a bearish trend reversal: only a return below 2,050 points is dangerous, as it could trigger a rapid correction towards subsequent graphic supports located at 2,005-2,000 points first and in the 1,930-1,920 area later.
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The following ETFs can be used to invest in the Artificial Intelligence sector:
Xtrackers Artificial Intelligence, ISIN IE00BGV5VN51. This ETF has €1,896m in assets under management and provides for the total physical replication of the securities that make up the Nasdaq Global Artificial Intelligence and Big Data index. The ETF adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.35% per annum.
WisdomTree Artificial Intelligence, ISIN IE00BDVPNG13. This is an ETF with €677m in assets under management, which provides full physical replication of the stocks that make up the Nasdaq CTA Artificial Intelligence index and has an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.40% per annum.
Legal&General Artificial Intelligence, ISIN IE00BK5BCD43. It is an ETF with €513m in assets under management, which provides for the total physical replication of the securities that make up the ROBO Global Artificial Intelligence index and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.49% per annum.
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