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Following the AI craze, BlackRock (BLK.US) launches two new AI ETFs

Market IntelWednesday, Oct 23, 2024 12:10 am ET

1min read

BlackRock (BLK.US) on Tuesday launched two new actively managed funds focused on technology growth and artificial intelligence, bolstering its ETF product lineup.

The world's largest asset manager said it believes the long-term impact of artificial intelligence will be "profound," despite it still being in its early stages.

"We are at the dawn of an intelligent revolution," said Tony Kim, head of the firm's Fundamental Equity Technology sector, in a statement. "These active ETFs can help investors capture the significant and overlooked investment opportunities in AI and advanced technology."

Here's information on the two new ETFs:

iShares ai Innovation and Tech Active ETF (BAI.US)

Target: Concentrated investment in 20-40 global AI and technology stocks across all markets.

Holdings: 34

Top three holdings: Nvidia (NVDA.US), Meta (META.US) and Microsoft (MSFT.US).

Expense: 0.68%.

iShares Technology Opportunities Active ETF (TEK.US)

Target: Investment in global technology companies in semiconductors, software, hardware, internet, services, content and infrastructure, as well as emerging industries.

Holdings: 57

Top three holdings: Nvidia, Microsoft and Apple (AAPL.US).

Expense: 0.75%.

Existing funds focused on AI and technology also include: General Artificial Intelligence ETF-AGIX (AGIX.US), AI and Technology ETF-Global X (AIQ.US), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ.US), ALPS Disruptive Technologies ETF (DTEC.US), First Trust NASDAQ Artificial Intelligence and Robotics ETF (ROBT.US), Robo Global Artificial Intelligence ETF (THNQ.US), and Roundhill Generative AI & Technology ETF (CHAT.US).

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pimppapy

10/23

Before the end of 2024, $NVDA is expected to reach $200, and by mid-2025, it should be at $300.

sobfreak

Upgrade after upgrade for META. By Friday, it's set to hit $600.

xX_codgod420_Xx

$META Meta Platforms and CEO Mark Zuckerberg have been successful in dismissing a shareholder lawsuit that accused them of misleading investors about the company's commitment to child safety on Facebook and Instagram, the social media platforms. The plaintiff, Matt Eisner, could not prove that Meta's alleged inadequate disclosures led to significant economic losses for shareholders, as reported by Reuters. U.S. District Judge Charles Breyer ruled in favor of Meta and highlighted that federal securities law does not require companies to provide detailed accounts of all child protection strategies they decide not to implement. The judge noted that Meta was not obligated to disclose the exact severity of sexually explicit content and sexual exploitation of children on its platforms.

$PLTR Seeing institutional investors like BlackRock and Vanguard adding millions of shares is significant. They handle pensions, individual retirement accounts, and more, making them accountable for a lot of money. When they purchase millions of shares, it’s a signal to keep buying. Yes, they are the cream of the crop. With BlackRock increasing its stake, tomorrow looks like it will be a great day, with stocks shooting up in a bright shade of green.

iyankov96

$PLTR With big players like BlackRock and Vanguard consistently adding millions of shares, it's clear something significant is happening here. These investors manage pensions and personal retirement funds, so their decisions carry a lot of weight. Watching them scoop up millions of shares is a clear signal to keep buying. Yes, they are undoubtedly the cream of the crop. With BlackRock announcing an increase in shares, I'm anticipating a bright green day ahead.

CommonEar474

In regards to the Metatrader 4 History, it's important to note that commission fees are not automatically included in your winnings. You'll need to subtract the fees from any positive win amount. For losses, you'll need to add the fees to the loss value. Taking an example, if you have a positive trade with $1.00 and fees are $0.05, your net profit would actually be $0.95. Conversely, if you have a negative trade with $1.00 and fees are still $0.05, your net loss would be $1.05.

NoAd7400

Lumen (LUMN): A prime example of what Horace meant when he said, "Many shall be restored that now are fallen and many shall fall that now are in honour." This company has experienced a significant rise in value over the past year and YTD, even surpassing the performance of Nvidia.

Surfin_Birb_09

I recently came across Double Verify, a digital media measurement and analytics software platform. They've got great growth potential, lots of cash, and zero debt. One of their solutions, the DV Authentic Ad, ensures that digital ads are delivered in a brand-safe setting, completely viewable, and by a real individual in the expected geography. This addresses a major pain point for businesses spending a tremendous amount on digital ads, where Google and Meta make most of their money. Double Verify is doing well so far, with a 5-year per share CAGR in the 60% range. However, this will likely slow down as the company gets bigger. Currently, the company's market cap is 2.9 billion, it's profitable, and FCF positive. I think it should be a prime take-over candidate for one of the big boys.

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