AI Trader Outperformed in 2024. Nvidia, Tesla, and Broadcom Are Some of Its Favorites.
AI in Investment Management: Qraft Technologies, a South Korean fintech backed by SoftBank, is leveraging artificial intelligence to manage investments through three ETFs—AMOM, QRFT, and LQAI—with a total of $60 million in assets.
Performance of ETFs: AMOM, which focuses on momentum investing, outperformed its benchmark with a 36% gain in 2024, while QRFT, adopting a defensive multifactor approach, ended the year with a 21% return, trailing behind the S&P 500's 23% gain.
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AI Trader Outperformed in 2024. Nvidia, Tesla, and Broadcom Are Some of Its Favorites.
AI in Investment Management: Qraft Technologies, a South Korean fintech backed by SoftBank, is leveraging artificial intelligence to manage investments through three ETFs—AMOM, QRFT, and LQAI—with a total of $60 million in assets.
Performance of ETFs: AMOM, which focuses on momentum investing, outperformed its benchmark with a 36% gain in 2024, while QRFT, adopting a defensive multifactor approach, ended the year with a 21% return, trailing behind the S&P 500's 23% gain.
This AI Robot Trader Loves Tesla and Other Trump Trades
Qraft Technologies' Investment Strategy: The South Korean fintech Qraft Technologies, backed by SoftBank, has increased its holdings in Tesla despite high valuations, benefiting from a nearly 40% stock jump in November. Their momentum fund, AMOM, rebalances monthly and focuses on stocks that have previously outperformed.
Performance and Portfolio Adjustments: As of the end of November, AMOM returned 38%, slightly outperforming the iShares US Momentum ETF, while their other fund, QRFT, gained 26%. AMOM has also adjusted its portfolio to include stocks aligned with anticipated trends under a potential Trump administration, adding positions in financials, energy, and utilities.
This AI Robot Trader Loves Tesla Stock and Other Trump Trades
Qraft Technologies' Investment Strategy: The South Korean fintech Qraft Technologies, backed by SoftBank, has increased its holdings in Tesla despite high valuations, benefiting from a nearly 40% stock jump in November. Their momentum fund, AMOM, rebalances monthly and focuses on stocks that have previously outperformed.
Performance and Portfolio Adjustments: As of the end of November, AMOM returned 38%, slightly outperforming the iShares US Momentum ETF, while their other fund, QRFT, gained 26%. AMOM has also adjusted its portfolio to include stocks aligned with anticipated trends under a potential Trump administration, adding positions in financials, energy, and utilities.
Microsoft, Amazon Stocks Dumped by AI Robot Trader. Here's What It Bought.
AI-Driven ETF Adjustments: Qraft Technologies' AI-managed Large Cap Momentum ETF (AMOM) has shifted its strategy by selling stakes in Microsoft and Amazon while increasing investments in Nvidia, Apple, and Tesla, indicating a defensive approach amid political uncertainty.
Performance and Market Sentiment: Both AMOM and Qraft's multi-factor ETF (QRFT) have underperformed their benchmarks this year, with QRFT also increasing its healthcare holdings while reducing exposure to Alphabet, reflecting a cautious stance as the U.S. presidential election approaches.
AI Robot Trader Ditched Nvidia Stock but Picked Apple and Alphabet. Here's Why.
AI-Enhanced Investment Strategies: Qraft Technologies, a South Korean fintech firm, utilizes AI models to manage its U.S. large-cap momentum ETF (AMOM), which has outperformed the S&P 500 this year by focusing heavily on tech stocks like Apple and Nvidia.
Market Dynamics and Performance: Despite strong returns, AMOM's strategy faced challenges with Tesla's stock post-Robotaxi event, highlighting the potential advantages of AI in processing data objectively, while also demonstrating the risks associated with market volatility and momentum investing.
Walmart and Costco Soar Even as Consumer-Staples Stocks Lag
- Americans Nervous About Economy: Concerns rising as retail sales in April remained flat compared to March, impacting consumer stocks negatively.
- Consumer Stock Performance: Consumer Staples Select Sector SPDR ETF up 9% this year but lags behind broader market gains; Consumer Discretionary Select Sector SPDR ETF is in the red for 2024.
- Retail Giants Outperforming: Shares of retail giants Costco Wholesale and Walmart have surged nearly 30% this year, outperforming the market.
- Contrasting Trends: While overall consumer stocks are facing challenges, specific retail giants are thriving.
- Economic Uncertainty: Mixed performance of consumer stocks reflects uncertainty and varying impacts on different sectors.
AI Trader Outperformed in 2024. Nvidia, Tesla, and Broadcom Are Some of Its Favorites.
AI in Investment Management: Qraft Technologies, a South Korean fintech backed by SoftBank, is leveraging artificial intelligence to manage investments through three ETFs—AMOM, QRFT, and LQAI—with a total of $60 million in assets.
Performance of ETFs: AMOM, which focuses on momentum investing, outperformed its benchmark with a 36% gain in 2024, while QRFT, adopting a defensive multifactor approach, ended the year with a 21% return, trailing behind the S&P 500's 23% gain.
This AI Robot Trader Loves Tesla and Other Trump Trades
Qraft Technologies' Investment Strategy: The South Korean fintech Qraft Technologies, backed by SoftBank, has increased its holdings in Tesla despite high valuations, benefiting from a nearly 40% stock jump in November. Their momentum fund, AMOM, rebalances monthly and focuses on stocks that have previously outperformed.
Performance and Portfolio Adjustments: As of the end of November, AMOM returned 38%, slightly outperforming the iShares US Momentum ETF, while their other fund, QRFT, gained 26%. AMOM has also adjusted its portfolio to include stocks aligned with anticipated trends under a potential Trump administration, adding positions in financials, energy, and utilities.
This AI Robot Trader Loves Tesla Stock and Other Trump Trades
Qraft Technologies' Investment Strategy: The South Korean fintech Qraft Technologies, backed by SoftBank, has increased its holdings in Tesla despite high valuations, benefiting from a nearly 40% stock jump in November. Their momentum fund, AMOM, rebalances monthly and focuses on stocks that have previously outperformed.
Performance and Portfolio Adjustments: As of the end of November, AMOM returned 38%, slightly outperforming the iShares US Momentum ETF, while their other fund, QRFT, gained 26%. AMOM has also adjusted its portfolio to include stocks aligned with anticipated trends under a potential Trump administration, adding positions in financials, energy, and utilities.
Microsoft, Amazon Stocks Dumped by AI Robot Trader. Here's What It Bought.
AI-Driven ETF Adjustments: Qraft Technologies' AI-managed Large Cap Momentum ETF (AMOM) has shifted its strategy by selling stakes in Microsoft and Amazon while increasing investments in Nvidia, Apple, and Tesla, indicating a defensive approach amid political uncertainty.
Performance and Market Sentiment: Both AMOM and Qraft's multi-factor ETF (QRFT) have underperformed their benchmarks this year, with QRFT also increasing its healthcare holdings while reducing exposure to Alphabet, reflecting a cautious stance as the U.S. presidential election approaches.
AI Robot Trader Ditched Nvidia Stock but Picked Apple and Alphabet. Here's Why.
AI-Enhanced Investment Strategies: Qraft Technologies, a South Korean fintech firm, utilizes AI models to manage its U.S. large-cap momentum ETF (AMOM), which has outperformed the S&P 500 this year by focusing heavily on tech stocks like Apple and Nvidia.
Market Dynamics and Performance: Despite strong returns, AMOM's strategy faced challenges with Tesla's stock post-Robotaxi event, highlighting the potential advantages of AI in processing data objectively, while also demonstrating the risks associated with market volatility and momentum investing.
Walmart and Costco Soar Even as Consumer-Staples Stocks Lag
- Americans Nervous About Economy: Concerns rising as retail sales in April remained flat compared to March, impacting consumer stocks negatively.
- Consumer Stock Performance: Consumer Staples Select Sector SPDR ETF up 9% this year but lags behind broader market gains; Consumer Discretionary Select Sector SPDR ETF is in the red for 2024.
- Retail Giants Outperforming: Shares of retail giants Costco Wholesale and Walmart have surged nearly 30% this year, outperforming the market.
- Contrasting Trends: While overall consumer stocks are facing challenges, specific retail giants are thriving.
- Economic Uncertainty: Mixed performance of consumer stocks reflects uncertainty and varying impacts on different sectors.
