Jim Cramer believes that people who say AI is hype are “just kidding themselves”

2023 has been a strong year for US markets so far, with the S&P 500 (INDEX: .INX) up 17%. This has led tech giants like Apple company (NASDAQ: APPL), up 43.06% year-to-date Meta Platforms Inc(NASDAQ:FB) up over 143% year-to-date.

But a few stocks have done that, too NVIDIA Corporation (NASDAQ: NVDA), up a whopping 202.4% year-to-date. NVIDIA’s success, and the success of a lot of technology, has come from its involvement in artificial intelligence. The company produces “ultra-fast chips” that underlie this technology.

The excitement surrounding artificial intelligence is palpable. The popularity of Chat GPT and other LLMs – Large Language Paradigms – has created what many consider a “hype cycle” for AI. Any mention of artificial intelligence by a publicly traded company seems to be enough to create an appreciable rise in its share price.

But CNBC’s Jim Cramer thinks otherwise. The “Mad Money” presenter stated on his show that “I know there’s a lot of hype here, and in some individual cases it’s exaggerated, but anyone who tells you that artificial intelligence is just propaganda, that person is only fooling themselves.”

It remains to be seen if the hype is real, but AI and AI related technology remains a physical part of the current economy. For investors looking to gain exposure, ETFs can be an attractive option, showcasing a range of companies directly and indirectly involved in the AI ​​industry.

Here are the best performing AI-related ETFs since January 1 of this year.

Direxion Daily Robotics, Artificial Intelligence, and Automation Bull Index 2X (NYSEARCA: UBOT)

Spear Alpha ETF (NASDAQ: SPRX)

iShares US Technology ETF (NYSEARCA: IYW)

Featured image by sigmund on unsplash

Never miss real-time alerts on your stocks – join Benzinga Pro Free! Try the tool that will help you invest smarter, faster and better.

This article Jim Cramer Thinks People Who Say AI Is Hype Are ‘Just Fooling Themselves’ – 3 ETFs To Capitalize On The AI ​​Revolution appeared in the original Benzinga.com

.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Related Posts

|| A MOTHER, DAUGHTER AND ? GUESS ?

A mother, daughter, and daughter’s mother-in-law enjoy a sunny day by the pool, sharing laughter and creating unforgettable memories. Their special bond shines through as they relax together in their…

Read more

Jamie Lee Curtis overwhelmed with grief makes the heart-wrenching announcement

Jamie Lee Curtis said some very sad things about her close friend and Curb Your Enthusiasm star Richard Lewis, who died on Tuesday of a heart attack at the age…

Read more

Found in my father’s room; I sincerely hope it’s not a sexual item.

Utilizing Crampons for Traction Applying crampons to shoes is crucial for enhancing traction and stability on icy surfaces. Specialized Traction Devices Crampons, featuring sharp spikes or cleats strategically placed to…

Read more

Fitness guru Richard Simmons dead at 76, cause of death revealed

Richard Simmons, renowned for inspiring overweight individuals to get active and adopt healthier eating habits, passed away on Saturday. Simmons, famous for his vibrant tank tops and short shorts, brought…

Read more

Woman Breaks Down In Tears After Working Her First Shift At 9-5 Job

A woman was left in tears after finishing her first shift at a 9-5 job.  Working your first job out of college will undoubtedly bring a mixed bag of emotions,…

Read more

Ellen DeGeneres Says She’s Quitting Hollywood And We ‘Won’t See Her Again’

Ellen DeGeneres says she’s quitting Hollywood and that we ‘won’t see her again.’ DeGeneres, 66, is an Emmy award-winning TV host who started her career in stand-up comedy bars.  …

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *