From Nasdaq Inc.: 2024-06-24 13:00:00

Elon Musk’s influence in multiple industries is significant, as seen through his roles as CEO of Tesla and founder of SpaceX and Neuralink. Investors can consider space ETFs like ARKX and UFO to potentially capitalize on the evolving space industry, which is expected to grow to $1.8 trillion by 2035.

Musk’s focus on artificial intelligence is evident through investments in AI technologies like xAI, which recently received $6 billion in funding, with ARK Invest as a key investor. The Roundhill Generative AI & Technology ETF (CHAT) showcases the potential of AI investments, with a 23.6% increase this year.

Investors interested in indirectly accessing Musk’s ventures can explore suppliers like Super Micro Computer (SMCI) and Dell Technologies (DELL), both of which are involved in Musk’s AI supercomputer project. SMCI stock has surged 217% this year, and DELL saw an 8% increase following the announcement. The Global X Data Center And Digital Infrastructure ETF (DTCR) offers exposure to SMCI’s growth with a 5% weight in the fund.



Read more at Nasdaq Inc.: Beyond Tesla, Bet on Elon Musk With These Stocks & ETFs