The potential of artificial intelligence is great – theme funds and ETFs with a focus on AI can bring profit.
(Photo: Bloomberg)
By the year 2030, the German gross domestic product is likely to increase by a good eleven percent or around 440 billion euros solely due to innovations in the field of artificial intelligence (AI). According to a study by management consultancy PwC, the volume is around 15.7 trillion dollars worldwide. For comparison: All 40 Dax companies earned around 130 billion euros net last year and are worth 1.8 trillion euros on the stock exchange.
So the potential is huge. Stocks are a great way to speculate on the AI boom. Corporations such as Alphabet, Amazon and Tesla are researching and developing AI applications, for example to promote autonomous driving.
When it comes to more efficient control of industrial processes, companies like Schneider Electric, Siemens, Oracle, SAP and ABB stand out. AI applications almost always require powerful chips, which in turn are manufactured by Nvidia, Intel and Qualcomm.
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