The Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) saw positive movement today, driven by favorable developments in the semiconductor and AI sectors. Morgan Stanley's recent price target boosts for semiconductor stocks like Broadcom, Astera Labs, and Marvell Technology highlight the industry's attractive outlook, with AI strength being a significant factor. This optimism in the semiconductor space, a critical component of AI technology, is likely contributing to the positive sentiment surrounding AI-focused investments. Additionally, the AI accelerator industry continues to evolve, with advancements in GPU acceleration and custom silicon paving the way for future growth, further supporting the AI sector's robust outlook.
The AIO ETF closed at $23.71, marking a 0.3% increase from the previous close, with an additional 0.34% rise after market hours as of 4:31 PM ET on Friday, December 20th.