An exchange-traded fund with holdings picked by artificial intelligence is betting on big gains from Tesla and Nvidia in January. It has been right about a number of price swings for electric-vehicle leader Tesla stock before. AI-powered investor Qraft, a South Korean fintech with almost $60 million in assets across four ETFs, doubled down on Tesla (ticker: TSLA), which also was its largest holding in December, while pouring into shares of chip maker Nvidia (NVDA) this month. Its Large Cap Momentum ETF (AMOM) now counts Tesla Tesla as 8.8% of its portfolio, up from 7.7% in December, with Nvidia not far behind at 8.1%. AMOM has a history of correctly anticipating price moves in Tesla stock. The fund sold off all of its shares in the company at the end of August 2020, before the stock fell 14% that September and a further 10% in October.
The early 2000s were not a good time for technology. After entering the new millennium amid the impotent panic of the Y2K bug, it wasn't long before the Dotcom Bubble was bursting all the hopes of a new internet-based era. Fortunately the recovery was swift and within a few years brand new technologies were emerging that would transform culture, politics and the economy. They have brought with them new ways of connecting, consuming and getting around, while also raising fresh Doomsday concerns. As we enter a new decade of the 21st Century, we've rounded up the best and worst of the technologies that have taken us here, while offering some clue of where we might be going. There was nothing much really new about the iPhone: there had been phones before, there had been computers before, there had been phones combined into computers before. There was also a lot that wasn't good about it: it was slow, its internet connection barely functioned, and it would be two years before it could even take a video.