If You Love Microsoft Stock, You’ll Love This ETF – TipRanks
Story Highlights
Nearly a quarter of this ETF’s $47.6 billion in assets under management are in Microsoft stock. This ETF also boasts a great long-term track record of solid returns and low fees.
After a ho-hum 2022 in which the stock lost 3.5% on a total-return basis, Microsoft (NASDAQ:MSFT) is back with a bang in 2023, with a gain of over 41.5% year-to-date. Investor interest in artificial intelligence (AI) is surging, and few companies are better positioned to capitalize on this next wave of technological advancement than Microsoft.
Microsoft invested $1 billion in ChatGPT and Dall-E parent company OpenAI from 2019 to 2021, long before AI was the talk of the town, and doubled down with a massive $10 billion investment in OpenAI this year. Additionally, Microsoft is incorporating ChatGPT into its Bing search engine, which could help it to at least chip away at some of Alphabet’s (NASDAQ:GOOGL) (NASDAQ:GOOG) dominance in search through Google. Microsoft is also leveraging AI to…
The post If You Love Microsoft Stock, You’ll Love This ETF – TipRanks first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/06/14/if-you-love-microsoft-stock-youll-love-this-etf-tipranks_2023061446130.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.