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

Pat Sajak discusses his health problems. He believed he was going to die from the pain

“Wheel of Fortune” host Pat Sajak, in his first post-surgery interview, shared the harrowing experience of his blocked bowel emergency a month ago. Severe pain during a morning walk led…

Read more

Mom With Over 800 Tattoos Called A Freak – Struggles To Secure Job As Businesses Won’t Hire Her

A mother’s two adoring children continue to look up to her as a role model despite the fact that her peers have called her a “freak.” There are no innate…

Read more

Pregnant Wife Sees Best Friend’s Message on Husband’s Phone: ‘You Haven’t Told Her about Us?’

In a Reddit saga, an anonymous user confronted the painful revelation of her husband’s infidelity with her best friend while she was six months pregnant. The woman, facing the challenges…

Read more

A woman is waiting for a train to return home

Presenting millions of photos is not necessary. On the train platform, Ylva Johansson, the Swedish Labor Minister, was observed consuming food. The politician is shown as an ordinary woman rather…

Read more

Why Is It Important To Store Toilet Paper In The Refrigerator? A Little-Known Secret

The battle against unpleasant odors in the kitchen takes an unconventional turn with the use of toilet paper stored in the refrigerator. Opening the fridge often reveals stubborn, musty smells…

Read more


We’ve all got these tiny openings in our skin for releasing sweat and oil, We’ve all got these tiny openings in our skin for releasing sweat and oil, but for…

Read more

Leave a Reply

Your email address will not be published.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