Generative artificial intelligence (AI) investing is taking the world by storm this year. With that, there are substantial, long-term investment implications.
The rapid expansion of generative AI benefits an array of individual stocks and exchange traded funds. That includes some that aren’t dedicated AI plays. That group of beneficiaries includes the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM). Both ETFs are linked to the Nasdaq-100 Index (NDX) – a benchmark chock full of large- and mega-cap companies emerging as AI leaders in the early innings of that game.
Emphasis on “early innings” because generative AI is just starting. This is paving the way for other, more sophisticated AI applications to emerge. That’s attractive to growth investors, but stock-picking to that effect is tricky, confirming the utility of QQQ and QQQM as practical AI access points, particularly for long-term investors.
QQQ, QQQM Could Get Language Learning Lift
Currently, generative AI can perform tasks such as composing prose, videos, and related media endeavors. However, some experts see generative AI as a floor, not a ceiling, to AI’s broader, longer-ranging uses.
In a recent interview with Lou D’Ambrosio, Head of Goldman Sachs’ Value Accelerator, AI researcher Dave Ferrucci highlighted the potential of language learning models as long-term drivers of the AI theme.