AIQ Global X Funds Global X Artificial Intelligence & Technology ETF : Bullish and Bearish Analyst Opinions

Exposure to the AI theme should be selective, not through broad indices or sectors. Look for companies that are investing in AI and will see monetization of that investment, while avoiding those simply issuing bonds to fund capex without a clear path to returns. The semiconductor sector is a key area for this selective exposure.

The AI theme is coming back with cheaper multiples than two months ago, and market euphoria is driving gains, making AI-related stocks attractive.

Hyperscaler capex is forecast to grow 60% year-over-year, and monetization of AI is showing positive signs with annual revenue run rate increasing to $30 billion. The U.S. has an edge in AI due to relative insulation from energy disruptions.

AI infrastructure stocks are still hitting new highs and represent an area to look for going forward as part of the digital economy transformation.

The AI theme is beginning to dominate the market again, and we might be moving back to a world where the focus is on trading that theme, its winners and losers. The speaker is increasingly leaning towards this camp.

AI is a persistent and key thematic driver of productivity improvements and innovation in the U.S., similar to historical innovation cycles, and will continue to be a major market narrative.