Tech ETF Investment Prospects: ARK Innovation ETF (ARKK) and Global X Cybersecurity ETF (BUG)

[ETF Daily News]( October 19th, 2023 SPONSORED AD [PROOF: New One Ticker (Weekly) Payouts]( A multimillionaire stock trader's research explains how focusing on just one ticker every week has generated payouts up to a rare 2,614% in under 11 days... AND he's brought proof to show the world! [SEE THE PROOF]( [Tech ETF Investment Prospects: ARK Innovation ETF (ARKK) and Global X Cybersecurity ETF (BUG)]( Rapid technological advancements worldwide and the growing adoption of cutting-edge technologies across several end-use industries have positioned the tech sector for significant growth and profitability in the foreseeable years. While quality tech ETF Global X Cybersecurity ETF ([BUG]( – [Get Rating]( could be a solid buy for portfolio diversification and solid returns, it seems prudent to hold ARK Innovation ETF ([ARKK]( – [Get Rating]( and wait for a better entry point in this ETF. Businesses across several industries increasingly leverage emerging digital technologies to lower costs by reducing manual labor, streamlining operations, and boosting efficiency. In recent years, the integration of data analytics, cloud, AI, IoT, ML, and other advanced technologies have risen to transform traditional processes and enhance customer experiences. Considering the cloud’s tremendous potential, nearly [94% of enterprises use cloud services]( in 2023, while 67% of enterprise infrastructure is now cloud-based. The functional ability of cloud computing to improve business performance in enterprises of all sizes and the growing need for hybrid models are contributing to the increased popularity of cloud solutions globally. According to a report by Grand View Research, the global cloud computing market size is projected to reach $1.55 trillion, [growing at a CAGR of 14.1%]( from 2023 to 2030. Further, the adoption of AI and its impact on businesses and industries is at a turning point globally. The latest annual McKinsey Global Survey on the current state of AI [confirms the rapid growth of generative AI tools](. Less than a year after most of these tools debuted, one-third of survey respondents reported using generative AI regularly for at least one business function. While reported overall AI adoption remains steady at nearly 55%, more than two-thirds of organizations plan to increase their AI investments. With the influx of consumer generative AI programs like OpenAI’s ChatGPT, the generative AI market is expected to explode, [growing to $1.30 trillion by 2032]( from a market size of just $40 billion last year, as per a report by Bloomberg Intelligence (BI). Research finds that the emerging industry could expand at a CAGR of 42% over the next ten years. [10 STOCKS TO SELL NOW!]( The emergence of smart devices, the rising number of e-commerce platforms, and rapid technological advancements have boosted the demand for cybersecurity products and services. The global cyber security market is expected to [grow at a CAGR of 12.3%,]( reaching $500.70 billion by 2030. Amid rapid digital transformation worldwide, the demand for IT services is… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019