Top ETF WISE gains 17.6% in December with stocks like SoundHound, Tesla, and Broadcom seeing gains over 30%

From Nasdaq: 2024-12-27 12:00:00

Themes Generative Artificial Intelligence ETF WISE has gained 17.6% in December, making it the best-performing ETF. Stocks like SoundHound, BigBear.ai, Broadcom, Tesla, and QuickLogic have seen gains over 30%. The generative AI market is projected to reach $1.3 trillion by 2025, growing at a CAGR of 42% from $40 billion in 2022.

Industries like healthcare, retail, and manufacturing are rapidly adopting AI to enhance operations. Generative AI models like GPT and DALL-E are expanding into creative industries and product design. Governments and companies like NVIDIA, Alphabet, and Microsoft are heavily investing in AI research. The AI hardware market, led by companies like NVIDIA, is set for exponential growth.

SoundHound, BigBear.ai, Broadcom, Tesla, and QuickLogic are some of the top-performing stocks in WISE. SoundHound offers voice AI solutions, BigBear.ai provides AI and analytics services, Broadcom is a semiconductor leader, Tesla is transforming the EV space, and QuickLogic offers sensor processing solutions. These stocks have seen significant growth and have positive earnings outlooks for 2025.



Read more at Nasdaq: The Top ETF of December & its Best-Performing Stocks