Trump Says AI Could Be Bigger Than Oil. These ETFs Are Betting on the Fuel Behind the Boom
Key takeaways
- Trump's AI thesis creates a new opportunity for ETF investors, with AIQ offering a direct play on the growing AI infrastructure.
- 950 TWh: expected global data-center electricity consumption by 2030
- 12.4%: Equinix's representation in the portfolio
- 13.2%: Digital Realty's representation in the portfolio
What happened
President Donald Trump said AI could be bigger than oil, citing the country that wins the AI race will have a major economic advantage.
Why it matters
Trump's comments highlight the growing importance of AI infrastructure, with hyperscalers committing hundreds of billions of dollars to AI development.
Short-term and longer-term
Short-term. The market's enthusiasm for AI infrastructure is evident in the performance of the Global X Artificial Intelligence & Technology ETF (AIQ), which has returned almost 30% year to date.
Longer-term. Over the next few months, the question for Trump (AIQ) is whether this changed the longer case, or it is one event.