AMD Aug 2024 215.000 call

AI investments will see 'aggressive broadening out': Analyst

The AI revolution has sparked a market boom, with investors seeking opportunities across various sectors beyond obvious choices like semiconductors. Tejas Dessai, Global X ETFs assistant vice president and research analyst, joins "Asking for a Trend" to share his insights on AI investing. Dessai describes the AI trade as "a moment of mass destruction," highlighting the technology's influence and impact on the global economy. He draws parallels between AI and the development of the internet, suggesting that markets are currently in the "infrastructure buildout phase," which makes semiconductors the primary investment focus. However, Dessai "expects an aggressive broadening out" of AI-related investment opportunities. He advises investors to consider three specific areas: data centers, cloud software and applications, and energy plays, particularly uranium and copper. For more expert insight and the latest market action, click here to watch this full episode of Asking for A Trend. This post was written by Angel Smith