Tech funds recommended for investment as Wall Street rally fueled by AI enthusiasm

From Nasdaq: 2025-01-23 08:35:00

The Wall Street rally has resumed under Donald Trump’s new term, with major stock indexes surging. The S&P 500 hit an intraday high, just below its all-time closing record. The rally is fueled by optimism surrounding artificial intelligence (AI) and tech stocks’ impressive performance.

Trump announced a $500 million investment in AI infrastructure, propelling tech stocks. The S&P 500 saw a 23.3% gain in 2024 and 24.2% in 2023, driven by AI enthusiasm. Industry experts agree AI has untapped potential, especially benefiting the semiconductor industry.

The global AI market is projected to grow from $184.1 billion in 2024 to $243.7 billion in 2025, highlighting the technology’s rapid advancement.

Investing in tech funds like DWS Science and Technology A (KTCAX), Janus Henderson Global Technology and Innovation Fund (JNGTX), and T. Rowe Price Science & Tech (PRSCX) is recommended for exposure to AI and potential growth. These funds offer strong returns, low expense ratios, and focus on AI-related stocks like Apple, Microsoft, NVIDIA, and more.



Read more at Nasdaq: 3 Tech Funds to Buy as Wall Street Rally Resumes on AI Enthusiasm