AI Trader Outperformed in 2024. Nvidia, Tesla, and Broadcom Are Some of Its Favorites.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2025
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Source: Barron's
AI in Investment Management: Qraft Technologies, a South Korean fintech backed by SoftBank, is leveraging artificial intelligence to manage investments through three ETFs—AMOM, QRFT, and LQAI—with a total of $60 million in assets.
Performance of ETFs: AMOM, which focuses on momentum investing, outperformed its benchmark with a 36% gain in 2024, while QRFT, adopting a defensive multifactor approach, ended the year with a 21% return, trailing behind the S&P 500's 23% gain.
Analyst Views on AMOM
Wall Street analysts forecast AMOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMOM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 50.656
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Current: 50.656
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
