AI breakthroughs have recently seen a rise in investor’s eyes for many tech companies. It is believed to spread and create further spikes in various sections and ETFs that are not related to AI. This investment opportunity has been seen helping some of the major tech stocks like Microsoft, Alphabet and even Nvidia that are at the top of the market due to the AI boom.
Jay Jacobs, the U.S. Head of Thematics and Active Equity ETFs at Blackrock, shared how these breakthroughs will soon lead to more advancements in different industries. AI is seen as a resourceful element that can prove to be useful especially in healthcare and genomics. It can potentially help reduce the time taken to develop treatments as well as provide patients with more personalized care. Moreover, in cybersecurity, AI is expected to be used more correctly to do more accurate predictive analytics.
Blackrock’s primary offering in this field is the iShares Genomics Immunology and Healthcare ETF (IDNA) that has an expense ratio of 0.47% and $140 million assets under management. Companies like Ark Genomic Revolution ETF (ARKG), Global X Cybersecurity ETF (BUG) and iShares Cybersecurity & Tech ETF (IHAK).
Jay Jacobs is an American financial expert who serves as the U.S. Head of Thematics By BlackRock. He is an asset manager and is expected to bring more reforms and advancements in the field of artificial intelligence. He sets up plans to accelerate the growth of different sectors with AI’s arrival. He worked on projects like laying the foundation for first human genome project and discoveries his field.
Overall, The A.I. boom is already making investors pay attention and seeing opportunities in the market for further growth. AI is seen as a promising way to consider and look into various uses and applications in different sectors that have a huge array of data to assess. This can help the sectors to achieve their full potential and become the foundation for a better future.
