"Artificial intelligence has been one of the most impactful technologies released, and it's only getting better. People can use prompts to create video games, produce lines of code, generate videos, and receive detailed answers to various questions. AI models like ChatGPT and Grok can generate quizzes on any subject, provide personalized advice on any topic, and brainstorm new ideas. A lot of money is flowing into this industry."
"The CoinShares Bitcoin Mining ETF ( NASDAQ:WGMI) is one of the hidden gems in the AI boom. Bitcoin ( CRYPTO:BTC) mining may not seem correlated with AI infrastructure, but crypto miners happen to have the perfect infrastructure for AI data centers. AI apps require substantial energy to operate, and AI data centers solve that problem. They are different from traditional data centers, which are primarily built for general tasks like storing data and hosting websites."
Artificial intelligence enables creation of games, code, videos, quizzes, personalized advice, and idea generation through prompts and models like ChatGPT and Grok. Significant capital flows into AI as consumers buy subscriptions and tech giants invest in semiconductors and related infrastructure. Investors can pursue gains via AI-focused stocks and thematic ETFs. The CoinShares Bitcoin Mining ETF (NASDAQ:WGMI) leverages crypto miners' energy-rich infrastructure for AI data centers, holds IREN, CIFR, and HUT among 24 holdings, and has outpaced the S&P 500 over the past year. The VanEck Semiconductor ETF (NASDAQ:SMH) provides exposure to semiconductor companies vital for AI chips.
Read at 24/7 Wall St.
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