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☆ Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ
▼ + stars: | 2024-05-02 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

A general view of the city skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates. DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company (ADNOC) and G42, a major Abu Dhabi-based AI and cloud company. The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release. ADNOC will in turn get a 4% stake in Presight, as it aims to integrate AI into more of its operations and services. AIQ uses AI and machine learning to improve processes in the oil and gas industry.

Persons: Presight, ADNOC, CNBC's Dan Murphy, Chris Cooper, We've, Cooper Organizations: United, United Arab Emirates, Abu Dhabi National Oil Company Locations: Harbour, Abu Dhabi, United Arab, DUBAI, AIQ, Presight, ADNOC

☆ If you’re investing in the AI theme for the long haul, here’s how to pick the winners
▼ + stars: | 2024-04-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Artificial intelligence has shaken up the investing landscape since the groundbreaking launch of ChatGPT in November 2022. Since then, investors have poured money into all things related to AI as they hunt for the next big winners. AI is poised to be a central theme as the technology transitions from early-stage winners to second-stage adopters. When it comes to chip stocks, Schleif also recommends taking a look at government grants. She highlighted the Global X Robotics and Artificial Intelligence ETF (BOTZ) , the First Trust Nasdaq AI and Robotics ETF (ROBT) and the Global X Artificial Intelligence & Technology ETF (AIQ).

Persons: Tesla, Nvidia —, Jay Woods, Carol Schleif, Schleif, Joe Biden, Nancy Tengler, Marguerita Cheng, BMO's Organizations: ChatGPT, Apple, Microsoft, Nvidia, Big Tech, Nasdaq, Freedom Capital, BMO Family Office, Samsung Electronics, Intel, Investors, Tengler, IBM, Blue, Global Wealth, Robotics, Intelligence, Technology Locations: Texas, Gaithersburg , Maryland

☆ The winning themes of 2023 could mature and keep climbing next year, BlackRock says
▼ + stars: | 2023-11-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Investors don't need to abandon the themes that worked in 2023 just because the calendar is about to change, according to BlackRock. Jacobs said that 2023 could prove to be a "year of training" for AI but that the benefits could broaden out going forward. IRBO YTD mountain This broad iShares ETF focused on AI and automation has outperformed the S & P 500 year to date. Mexico stocks, as measured by the iShares Mexico ETF (EWW) , has been a strong performer this year with a total return of 25%, according to FactSet. A competitor fund, the WisdomTree India Earnings Fund (EPI) , has performed better in 2023 with a total return topping 15%.

Persons: Jay Jacobs, Jacobs, IShares, Eli Lilly Organizations: BlackRock, CNBC, Nvidia, Microsoft, Robotics, Intelligence, Technology, Novo Nordisk, Biotechnology, VanEck Pharmaceutical Locations: BlackRock, U.S, United States, Mexico, India

☆ Bank of America: Buy these 11 AI-exposed stocks that have both explosive potential and stable dividends
▼ + stars: | 2023-10-18 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Investors took note and scrambled to get exposure to AI stocks, many of which are among this year's top performers. Top investment firms like Bank of America, Morgan Stanley, and UBS told clients this summer that AI is worth the hype. 11 high-upside AI stocks with dividendsThere's no shortage of ideas about how to profit from AI, as Insider has noted throughout 2023. Bank of America recently put together a list of 164 buy-rated stocks across industries that are tied to AI. Below are those 11 high-upside, stable-dividend stocks with AI exposure and a buy rating from Bank of America along with the ticker, market capitalization, previous close, sector, industry, and country for each.

Persons: Morgan Stanley, Goldman Sachs, Alkesh Shah, Shah Organizations: Bank of America, UBS, Robotics, Intelligence, Technology, US

☆ Here's why stocks are still vulnerable in September
▼ + stars: | 2023-08-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The bad news is, stocks still aren't cheap, rates still seem like they want to push higher, and China is definitely weaker. Stocks are vulnerable in September: The 'pain trade' is down After that, it's time to repair some damage to the markets. Here's the good news: even though stocks have been straight down most of this month, 5% off the highs is a pretty garden variety correction. Nvidia and AI stocks: how much more do you want? I don't know if that is true, but it sure looks like much of the demand for AI stocks has been pulled forward.

Persons: Jerome Powell's Jackson, Powell, Stocks, there's, Banks, Russell, Susan Collins, Patrick Harker, Joachim Nagel, Thursday's, I'm, Chris Harvey, it's, Jackson Organizations: Federal, deflator, Regional Bank ETF, Energy, Boston, Financial Times, Philadelphia Fed, CNBC, ECB, Nvidia, Microsoft, Cisco, Intelligence, Technology, IBM Locations: China, Wells Fargo, Jackson

☆ Industrials over tech? Gauging productivity play among AI ETFs
▼ + stars: | 2023-08-26 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

BOTZ has been a key beneficiary of the AI advance, garnering $594 million in inflows this year, according to FactSet. While many investors see AI as a tech play, Todd Sohn, ETF and technical strategist at Strategas Securities, believes that the benefit of industrials is an under-the-radar narrative worth taking a second glance at. And because data is what's driving AI, Maier said, larger companies like Amazon , Alphabet and Meta Platforms best retain that type of exposure. "Right now, [data] is what AI is, while we're trying to figure out where AI is going," he said. But for investors looking to diversify beyond the tech wave, Sohn affirmed that industrials are poised to benefit from the rise in AI-induced efficiency and productivity in robotics and automation companies.

Persons: Jon Maier, CNBC's Bob Pisani, Maier, it's, BOTZ, Todd Sohn, Sohn, " Sohn, AIQ, industrials Organizations: Robotics, Intelligence, Nvidia, Strategas Securities, Technology, Global Locations: BOTZ, U.S, outflows

☆ Be cautious buying A.I. ETFs, Bank of America says
▼ + stars: | 2023-07-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Investors should be wary of buying exchange-traded funds that hold artificial intelligence stocks to chase the trend's big gains, according to Bank of America. On Tuesday, investment and ETF strategist Jared Woodard initiated coverage of eight AI funds, which had an average gain of 27% year to date. … Valuations are steep: the average AI ETF trades at 31x earnings. Bank of America also cautioned that investors should be sure to check the holdings of any AI fund because some AI indexes are "loosely defined." Woodard wrote that the Global X Robotics & Artificial Intelligence ETF (BOTZ) is the closest thing to a "pure play" AI fund.

Persons: Jared Woodard, Woodard, CNBC's Michael Bloom Organizations: Bank of America, Nasdaq, Bank of, Intelligence, Technology, US, Global, Robotics, Nvidia

☆ Abu Dhabi's ADNOC, AI firm G42 plan IPO of technology joint venture AIQ -sources
▼ + stars: | 2023-06-22 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +2 min

DUBAI, June 22 (Reuters) - Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi artificial intelligence company G42 are having early discussions about a possible flotation of their joint venture technology firm AIQ, two sources with knowledge of the matter told Reuters. AIQ, which is 60% owned by ADNOC and 40% by G42, uses artificial intelligence and machine learning to optimise processes, improve planning and increase profitability for ADNOC and the wider oil and gas industry. AIQ recently hired veteran investment banker Youssef Salem as chief financial officer, the sources said. G42, which is backed by Abu Dhabi state fund Mubadala Investment Co, AIQ and Salem did not immediately respond to a request for comment. It listed its gas business in March after raising $2.5 billion from the IPO, which was the world's biggest in the first quarter.

Persons: AIQ, Youssef Salem, Salem, Abu, OpenAI, Sheikh Tahnoon bin Zayed, Nahyan, Sheikh Mohammed bin Zayed, ADNOC, Hadeel Al Sayegh, Stephen Coates Organizations: Abu Dhabi National Oil Company, Reuters, ADNOC, Moelis, Mubadala Investment, U.S, Microsoft Corp, Thomson Locations: DUBAI, Abu Dhabi, U.S, Salem

☆ 5 stocks that are best-positioned over the next 10 years to capitalize on the AI boom promising to transform the economy, according to Global X's lead AI researcher
▼ + stars: | 2023-06-14 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Tejas Dessai says AI is still in its early stages, and he's taking a long-term investing outlook. Dessai is the lead AI researcher at Global X. The firm's AI ETF is up 38% this year. According to Dessai, the lead AI research analyst at ETF issuer Global X, AI adoption throughout the economy will be a slow process and likely span the next decade. Dessai's research helps inform the holdings in the Global X Artificial Intelligence & Technology ETF (AIQ), which is up 38.6% this year.

Persons: Dessai Organizations: Tejas, Global, Nvidia, Meta, Tejas Dessai, Intelligence, Technology, TrueMark Technology, Learning, Facebook, Google

☆ Cathie Wood's Ark Invest misses out on Nvidia's powerful rally — dumped stock too early, citing high valuation
▼ + stars: | 2023-05-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood, known for her investments in next-generation technologies, missed out on the jaw-dropping rally in Nvidia — the biggest winner in artificial intelligence this year. Her flagship Ark Innovation ETF (ARKK) exited Nvidia entirely in early January, before the chipmaker went on to enjoy a powerful rally that propelled it to a $1 trillion market capitalization. She even trimmed Nvidia holdings in her smaller funds on Thursday when the stock spiked 26% on a huge forecast beat driven by AI chip demand. & Robotics ETF (ARKQ) now has 4.4% in Nvidia, while its biggest holding is Tesla with a 14% weighting. In its base case, Ark believes Exact Sciences could compound at an average annual rate of 25%, reaching $140 by 2027.

By comparison, less than 5% of companies mentioned AI in analyst calls held during the first quarter of 2016. Big Tech mentions jump AI has been a growing theme in Big Tech as companies try to capitalize on the wave following 2022's selloff. In calls from Big Tech companies alone, AI was mentioned 265 times. Executives at real estate company UDR said its AI chat has a 10% higher closing rate than normal call centers. Interpublic Group of Companies CEO Philippe Krakowsky noted the advertising company brought on a chief AI officer two years ago.

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