The Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) is experiencing a notable uptick, driven by a surge in interest and investment in artificial intelligence (AI) technologies. Recent reports highlight the transformative impact of AI across various sectors, with companies increasingly adopting AI to enhance productivity and innovation. A study by IDC, commissioned by Microsoft, reveals that generative AI is delivering significant returns on investment, with some companies achieving up to $10 for every dollar spent. This underscores the growing confidence in AI's potential to drive business growth and efficiency. Additionally, advancements in AI, such as quantum computing integration and deep learning innovations, are reshaping industries from healthcare to finance, further fueling investor enthusiasm.
The AIO ETF is up 4.13% in pre-market hours on Monday, December 23, reaching $24.69 as of 6:00 AM ET.