The Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is experiencing a notable uptick, driven by a surge in interest and developments within the AI sector. On December 20, 2024, the U.S. Department of the Treasury released a report highlighting the increasing use of AI in financial services, emphasizing its potential to broaden opportunities while also amplifying certain risks. This report underscores the growing integration of AI technologies across various sectors, which is likely contributing to the positive sentiment surrounding AI-focused investments. Additionally, the AI job market is projected to expand significantly in 2025, with roles such as AI engineers and data scientists expected to see substantial demand and lucrative salaries, further fueling investor enthusiasm in AI-related assets.
Moreover, the AI industry continues to mature, with new investment opportunities emerging as companies like Marvell Technology offer solutions to enhance AI data processing capabilities. This evolution in the AI landscape is attracting investor attention, as evidenced by the increased focus on AI-driven growth stocks. The ongoing advancements and integration of AI technologies across industries, including healthcare and financial services, are likely bolstering the appeal of AI-focused funds like AIO.
The AIO ETF is up 3.64% in pre-market hours on Friday, December 20, reaching a price of $24.50 as of 6:02 AM ET.