From Nasdaq: 2024-09-17 04:46:00

Seventy percent of top executives foresee AI transforming business value in the next three years. PwC estimates AI could add $15.7 trillion to the global economy by 2030. Investing in AI-focused ETFs like iShares Expanded Tech Sector ETF (IGM) with top holdings in AI giants like Meta, Apple, Microsoft, and Nvidia can generate substantial returns.

IGM recently underwent a stock split to make it more accessible to a wider range of investors. The ETF has returned 20.2% annually over the last decade, outperforming the S&P 500. With a diverse portfolio of 281 tech stocks, including major AI players, IGM offers exposure to potential AI growth and tech sector innovation.

Major tech players like Meta Platforms, Apple, Microsoft, and Nvidia are leading the AI revolution. Meta’s language model Llama drives AI features on social media, while Apple’s Apple Intelligence is set to enhance user experience. Microsoft’s virtual assistant Copilot and Nvidia’s GPUs for data centers play critical roles in AI development.

Investing $200,000 in IGM could potentially turn into $1 million over time, considering its historical returns. While sustained 20% returns may be challenging, IGM’s top holdings are poised for growth. Balancing the portfolio with potential risks of AI industry bust is advisable for long-term investors.

Consider diversifying your investments with advice from The Motley Fool’s stock experts before investing in iShares Trust – iShares Expanded Tech Sector ETF. Monitoring industry shifts and new tech developments can help mitigate risks and maximize returns. Expert opinions can guide prudent investment decisions and help optimize your portfolio for future growth.



Read more at Nasdaq: Nvidia, Meta, Apple, and Microsoft Could Help This Stock-Split ETF Turn $200,000 Into $1 Million