ETFs Focused on AI Software Present Long-Term Investment Potential
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Growth Potential of AI in Software: The rise of artificial intelligence (AI) is expected to significantly enhance the role of software companies, with analysts suggesting that current market downturns may present attractive investment opportunities for long-term investors.
AI Software vs. Hardware Demand: Unlike AI hardware, which is typically a one-time sale, AI software is sold on a subscription basis, ensuring a steady demand and higher profit margins, while the emerging concept of hardware-as-a-service (HaaS) offers new business models that integrate hardware, software, and services.
Analyst Views on IGV
Wall Street analysts forecast IGV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IGV 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: 95.400
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Current: 95.400
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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.
