AI-Focused ETF Assets Could Triple to $35 billion by 2030
- ETF count may grow to 150 globally from current 56: BI
- Nvidia leads rally in tech stocks after blowout AI forecast
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Exchange-traded funds tracking companies that are linked to artificial intelligence may see their assets grow three-fold to $35 billion by 2030, a report by Bloomberg Intelligence shows.
The number of these types of ETFs may also amount to more than 150 globally from the current count of 56, BI’s Rebecca Sin and Breanne Dougherty said. China, they predict, may be the biggest destination for funds thanks to the nation’s “robust AI effort” despite having only three robotics-focused ETFs with roughly $67 million in assets.