Industrial and infrastructure stocks are poised to shine alongside the artificial intelligence trade, according to ETF Action’s Mike Atkins. With a shift towards reshoring and infrastructure projects, there’s optimism in the market. Global X CEO Ryan O’Connor also sees potential in infrastructure to support the AI boom.

The Global X U.S. Infrastructure Development ETF (PAVE) is up 16% this year, outperforming the VanEck Semiconductor ETF (SMH) which includes AI bellwethers like Nvidia and Taiwan Semiconductor. Despite a dip this month, Global X’s infrastructure ETF remains strong with top holdings like Howmet Aerospace and Quanta Services.

O’Connor highlights electrification as a key driver in supporting the AI boom, with the Global X U.S. Electrification ETF (ZAP) up almost 24% this year. This ETF offers exposure to the necessary components for the AI industry. The U.S. Electrification ETF is also performing better than the VanEck Semiconductor ETF for the month.

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– Apple unveils new iPhone 13 with improved cameras and faster chips. The company also announced updates to its AirPods and iPad.

– US jobless claims drop to a new pandemic low of 310,000 last week, a sign of strengthening labor market as economy rebounds from COVID-19.

– Pfizer and BioNTech’s Covid-19 vaccine is safe and generates a robust immune response in children aged 5-11, according to trial data.: AI-electric appeal for underperforming infrastructure: ETF experts