Artificial intelligence (AI) continues to be in high demand, as evidenced by Palantir Technologies’ record-breaking third-quarter earnings. The company reported a 30% revenue gain and 54% growth in U.S. commercial revenues, with its stock rising over 225% year-to-date.
CEO Alex Karp stated that the company’s business is accelerating, with financial performance exceeding expectations due to “unwavering demand” for AI tools. This trend is reflected in funds like the KraneShares Artificial Intelligence & Technology ETF (AGIX), which tracks the Solactive Etna Artificial General Intelligence Index and holds companies such as Palantir Technologies.
The fund’s strategy focuses on the three layers of the AI ecosystem: infrastructure, hardware, and applications. It invests in approximately 3,000 companies across various industries, filtering for characteristics like liquidity and market cap to identify top performers. The highest-scoring companies are weighted by their AI exposure score and market cap, with a focus on capturing current leaders and potential winners.
AGIX carries an expense ratio of 1.00% and rebalances quarterly to stay current with AI trends. With its high-conviction approach and concentrated exposure to AI companies, the fund offers investors a unique opportunity to tap into the growing demand for AI solutions.
Source: https://www.etftrends.com/china-insights-channel/capture-continued-ai-earnings-wins-agix