Investors looking for multibagger potential in the ETF market may find it in funds like the Invesco AI and Next Gen Software ETF (IGPT). While not the next Nvidia, this ETF has the ingredients for significant long-term gains. With $652 million in assets under management and 100 stocks across 17 industries, it offers exposure to AI and software companies with growth potential.

The Invesco AI and Next Gen Software ETF allocates over 43% of its portfolio to semiconductor stocks and AI hyperscalers, while also retaining exposure to software companies like Adobe. Leveraging AI tools, companies like Adobe and Snowflake are positioned to drive growth in the tech ETF. With growth tailwinds in the AI industry, this ETF offers potential for triple-digit gains over time.

While this AI ETF may not match Nvidia’s returns, it has the fundamental factors to deliver strong performances. Goldman Sachs forecasts significant growth in AI-powered software markets, providing tailwinds for companies in the ETF. With advancements in AI software and productivity enhancements, this fund has the potential for significant gains over extended holding periods.

For investors considering the Invesco AI and Next Gen Software ETF, it’s essential to weigh the potential for triple-digit gains against other top stock picks. The Motley Fool Stock Advisor recommends 10 stocks with monster return potential, excluding this ETF. With a track record of market-crushing outperformance, Stock Advisor provides insights for individual investors looking to maximize their returns.

Read more at Nasdaq: Could This AI ETF Surge 300% and Become the Next Nvidia?