Tap into AI with GXAI: A Comprehensive ETF for the Magnificent 7 Earnings Reports

The Global X Artificial Intelligence ETF (ASX: GXAI) offers Australian investors a targeted way to invest in companies leading the AI revolution. With a globally diversified fund, it captures both familiar names and emerging players from around the world, including all members of the Magnificent 7 (Apple, Amazon, Meta, Microsoft, Tesla, Alphabet, and NVIDIA). As AI continues to grow, GXAI is positioned to capture this growth with an unconstrained approach, investing wherever the best AI opportunities emerge.

The Global X Artificial Intelligence ETF (ASX: GXAI) offers Australian investors a targeted way to invest in companies leading the AI revolution. With a globally diversified fund, it captures both familiar names and emerging players from around the world, including all members of the Magnificent 7 (Apple, Amazon, Meta, Microsoft, Tesla, Alphabet, and NVIDIA). As AI continues to grow, GXAI is positioned to capture this growth with an unconstrained approach, investing wherever the best AI opportunities emerge.

The fund invests at least 80% of its total assets in the securities of the underlying index, which is designed to track the performance of companies involved in the development and utilization of artificial intelligence ("AI") and big data [1]. This non-diversified approach allows the fund to focus on the AI sector, providing investors with a concentrated exposure to the industry.

One of the key sectors driving the growth of AI is the energy market. According to a report by MarketsandMarkets™, the Artificial Intelligence in Energy Market is expected to reach USD 8.91 billion by 2024, growing at a Compound Annual Growth Rate (CAGR) of 36.9% from 2024 to 2030 [2]. AI is being used to optimize energy grids, reduce energy demands, and integrate renewable energy sources, making it a crucial component of the energy market's future.

The Global X Artificial Intelligence ETF is well-positioned to benefit from this growth, as it includes companies involved in both AI development and energy optimization. For instance, NVIDIA, a member of the Magnificent 7, is a leading provider of AI hardware, while companies like Schneider Electric and Siemens AG are actively using AI to optimize energy grids and reduce energy consumption.

In conclusion, the Global X Artificial Intelligence ETF offers Australian investors a unique opportunity to gain exposure to the AI revolution. With its globally diversified fund and focus on the AI sector, GXAI is well-positioned to capture the growth of AI and the energy market.

References:

[1] https://finance.yahoo.com/quote/AIQ/
[2] https://www.prnewswire.com/news-releases/artificial-intelligence-in-energy-market-worth-58-66-billion-by-2030---exclusive-report-by-marketsandmarkets-302434067.html