Artificial Intelligence Captivating Hearts & Minds on Multiple Fronts

Enthusiasm for artificial intelligence (AI) is widespread, with epicenters of that ebullience including the investment community and corporate America.

Obviously, there are clear links between the two, and those ties carry implications for ETFs such as the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM) -- both of which are heavy on companies that are AI enablers and adopters.

While generative AI -- the most readily accessible and deployed form of this disruptive technology -- is still in its early innings, returns by QQQ and QQQM suggest business and investor confidence in the technology is high. Over the past 24 months, the Invesco ETFs are higher by 26.4%, an advantage of 710 basis points over the S&P 500.

Artificial Intelligence on Breathtaking Pace

In what has been -- and could continue being -- a positive factor for QQQ and QQQM, the pace at which AI is garnering interest and users is staggering. In a recent research report, Invesco noted that Google searches for AI and related terms have surged over the past two years.

Additionally, it took the popular ChatGPT app just two months to reach 100 million users. By comparison, it took Facebook and Twitter 4.5 years and 5.4 years, respectively, to reach that number.