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Why You Should Consider the Defiance Quantum ETF
Investors have been exploring opportunities in artificial intelligence (AI) and quantum computing, two groundbreaking technologies with immense potential. The Defiance Quantum ETF (QTUM 2.86%) presents a smart way to gain exposure to these emerging fields in your portfolio. Here are three key reasons to consider this AI quantum computing stock.
1. Significant Growth Potential
AI and quantum computing could revolutionize various industries, potentially leading to trillions of dollars in economic value. McKinsey projects AI to generate $23 trillion annually by 2040, while quantum computing could create $450 billion to $850 billion by the same year. The potential for technological advancements in the coming decades is vast and exciting.
2. Diversified Exposure
Investing in individual winners in AI and quantum computing can be challenging due to the complex nature of these fields. The Defiance Quantum ETF offers exposure to a diversified basket of 70 companies involved in AI and quantum computing, reducing the risk of picking specific winners. The ETF’s top holdings include companies like D-wave Quantum, Orange, and Palantir Technologies.
3. Outperformance and Stability
The Defiance Quantum ETF has outperformed the Nasdaq Composite index since its inception in 2018, showcasing its effectiveness in navigating the volatile quantum computing market. With a reasonable expense ratio of 0.4%, the ETF provides a simple and diversified approach to investing in AI and quantum computing.
Overall, the Defiance Quantum ETF offers a compelling opportunity to capitalize on the growth potential of AI and quantum computing while mitigating risks through diversification.
Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies, Alibaba Group, and RTX. The Motley Fool has a disclosure policy. Images are credited to the original source.