Analysts expect a 10.30% upside for the Global X Artificial Intelligence & Technology ETF (AIQ) based on its underlying holdings. Three of AIQ's holdings with notable upside to their analyst target prices are WeRide Inc (WRD), PONY AI INC (PONY), and Alibaba Group Holding Ltd (BABA). Analysts see 68.39% upside for WRD, 43.56% for PONY, and 29.14% for BABA.
Analysts predict a 10.30% upside for the Global X Artificial Intelligence & Technology ETF (AIQ) based on its underlying holdings. Three notable stocks within the AIQ portfolio are expected to drive this performance: WeRide Inc (WRD), PONY AI INC (PONY), and Alibaba Group Holding Ltd (BABA).
WeRide Inc (WRD), a Chinese electric vehicle (EV) company, is expected to see a 68.39% upside according to analysts. This optimism is likely driven by the growing demand for EV technology and the company's strategic positioning in the market.
PONY AI INC (PONY), an AI-focused company, is expected to rise by 43.56%. The company's focus on artificial intelligence and its potential to disrupt various industries could be the key driver behind this expected growth.
Alibaba Group Holding Ltd (BABA), a leading e-commerce and technology company, is projected to have a 29.14% upside. The company's broad portfolio, including its cloud computing and AI initiatives, could contribute to this anticipated performance.
The Global X Artificial Intelligence & Technology ETF (AIQ) invests at least 80% of its total assets in the securities of the underlying index, which tracks the performance of companies involved in AI and big data. The fund is non-diversified, focusing on a specific sector to potentially maximize returns.
Investors should closely monitor the performance of these individual holdings and the broader market trends to gauge the potential upside for the AIQ ETF.
References:
[1] https://finance.yahoo.com/quote/AIQ/
[2] https://www.nasdaq.com/articles/dillards-reports-1-sales-rise-q2
[3] https://www.barchart.com/story/news/34146293/sp-500-hits-6-400-on-ai-boom-etfs-in-focus
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