A I Data Centers

0
0

Hi Dan. I have been hearing alot about AI data centers and the amount if energy they will need.
Could you point me in the direction of a Stock Mutual Fund or ETF that could benefit from this energy need.
Thanks.

Marked as spam
Asked on November 23, 2024 3:20 am
35 views
0
Private answer

There is pretty much one ETF in the country that aims to take advantage of the data/hardware aspect of AI development, and that is Global X Big Data & Hardware ETF (TSE:HBGD).

It tracks a portfolio of companies all over the world focusing directly on data development, storage, and management solutions as well as hardware. It also has a bit of a crypto element to it with some exposure to blockchain technology.

The fund has put up some outstanding returns due to the surge in data center demand and overall AI demand. Only thing I'd say about this fund is prepare for volatility, as the sector is very volatile.

Marked as spam
Posted by Dan Kent
Answered on November 23, 2024 12:17 pm