AI May Power Electricity ETF To New Heights
CNIC’s Kramer discusses AMPD ETF.
Artificial intelligence will account for up to 30% of electricity usage by the end of the decade, sending the price of power surging.
That’s according to Tim Kramer, founder of CNIC Funds, the issuer of the CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (AMPD).
In this episode of Exchange Traded Fridays, etf.com Senior Analyst Sumit Roy and etf.com Wealth Management Editor Jeff Benjamin sit down with Kramer to discuss the case of investing in electricity.
The only ETF to offer investors access to electric power futures contracts, AMPD is primed to benefit from the boom in AI, Kramer says.