Posted 2/10/2024, 4:45:00 PM
AI Spending Set to Soar 37% Annually; Vanguard S&P 500 a Way to Capitalize While Limiting Risk
- Annual global spending on AI predicted to soar from $197B in 2023 to $1.8T in 2030, a compound annual growth rate of 37%
- Vanguard S&P 500 ETF a strong way to capitalize on AI growth due to top holdings like Apple, Microsoft, Amazon and Nvidia
- Vanguard S&P 500 ETF has historically outperformed most actively managed funds and delivered 13% annual returns over past decade
- Global X Robotics & Artificial Intelligence ETF, Ark Autonomous Technology & Robotics ETF, and iShares Robotics and AI ETF have underperformed S&P 500 and charge high fees
- Blended strategy of buying Vanguard S&P 500 ETF plus select individual AI stocks allows for potential outperformance while limiting downside