Artificial intelligence (AI) has propelled the S&P 500 to new highs, but maximizing your returns in this hot industry involves picking individual stocks and AI exchange-traded funds (ETFs). Funds that hold a collection of AI stocks tend to outperform major indexes, with the iShares Semiconductor ETF and the Vanguard Information Technology Index Fund being notable examples.
Picking individual stocks within those funds can lead to even higher returns. Marvell Technology (NASDAQ: MRVL) fits the bill. The AI chipmaker is in both funds and looks due for a rally after dropping by almost 30% over the past year.
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