Direxion Daily AI and Big Data Bear 2X ETF

AIBD

Market cap $7.88M

With so much of the business media ecosystem focused solely on artificial intelligence, it was practically inevitable that the Solactive US AI & Big Data Index would rank among the most heavily watched benchmarks. Fundamentally, generative AI and deep learning protocols are forcing a global paradigm shift, subsequently raising the valuations of sector players.

Thanks to profound leaps in digital innovation, companies such as Nvidia Corp NVDA and Microsoft Corp MSFT managed to secure the vaunted $3 trillion valuation. Of course, much of this achievement has to do with their advancement of artificial intelligence.

It almost goes without saying that artificial intelligence (AI) has been a hot ticket item for short-term traders to capitalize on in the 2024 rally, but with volatility forthcoming, it's best to stay flexible. The general consensus is that the long-term trend will benefit AI.

When it comes to investing themes, none has captured the imagination of investors more than the artificial intelligence (AI) trend. In turn, the theme is also capturing a lot of investment capital.

On Wednesday, Direxion released a pair of dueling ETFs. They are the Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and the Direxion Daily AI and Big Data Bear 2X Shares (AIBD) ETFs.

On Wednesday, Direxion released a pair of dueling ETFs. They are the Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and the Direxion Daily AI and Big Data Bear 2X Shares (AIBD) ETFs.