Since ChatGPT debuted late last year, investors have been looking for ways to play the AI craze.
Cybersecurity stocks largely sat out the excitement around AI at the start of the year, but the group has started to gain traction in recent weeks.
Since the end of April, the First Trust Nasdaq Cybersecurity ETF (CIBR) — the largest fund focused on the space — has risen nearly 11%.
The Global X Cybersecurity ETF (BUG) has jumped almost 13%.
BUG YTD mountain The BUG ETF has hit new highs for the year in recent weeks.
Persons:
ChatGPT, Macquarie, Frederick Havemeyer
Organizations:
Nvidia, Trust Nasdaq
Locations:
Macquarie, Zscaler