Latest Trends in Hydrogen Energy and AI Funds
Stocks and ETFs related to hydrogen energy are on an upward trend due to the increased energy demand fueled by the proliferation of AI services. Notably, the 'Defiance Next Gen H2' ETF and the 'GlobalX Hydrogen' ETF have risen by 12.29% and 11.26% respectively, capturing market attention. However, Plug Power and Bloom Energy face challenges in securing profitability and maintaining high production costs. Meanwhile, the U.S. Inflation Reduction Act provides tax benefits to the hydrogen industry, but there is potential for reduced clean energy subsidies under Trump's administration.
In the domestic market, AI-related funds and Exchange Traded Notes (ETNs) have surpassed a setup amount of 3 trillion won, showing rapid growth. This increase can largely be attributed to the expansion of product options, with a fourfold rise since early this year. While several overseas funds demonstrate impressive returns, domestic funds are generally struggling. The growth of AI-related funds has been sharply influenced by ChatGPT3.5, utilizing diverse investment strategies, and this trend is likely to continue in the future.
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Hydrogen Energy ETFs are Rising... Spotlight with AI Expansion - Korea Economic DailyHydrogen Energy ETFs are Rising... Spotlight with AI Expansion, as global big tech companies' energy demand surges, investment in clean energy grows. Hydrogen, not sensitive to the renewable energy environment issues, lacks these drawbacks. Although production costs are currently high, there is more future anticipation than actual performance.