Amplify ETFs Announces the Amplify Bloomberg AI Value Chain ETF (NYSE: AIVC)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
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Source: Newsfilter
New ETF Launch: Amplify ETFs has launched the Amplify Bloomberg AI Value Chain ETF (AIVC), which invests in a diverse range of companies essential to the AI ecosystem, including those in semiconductors, cloud/software, and hardware sectors.
Market Growth Projection: The global AI market is projected to grow significantly from $638 billion in 2024 to $3.6 trillion by 2034, driven by increased spending across various sectors, positioning AIVC to capitalize on this growth trend.
Analyst Views on AIVC
Wall Street analysts forecast AIVC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIVC 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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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.
