Retail investors with AI holdings are probably in two minds now. Tech stocks continue to hit record highs, but there are also fears they are overvalued. For those looking to diversify their portfolio but still stay invested in AI, investment trusts offer a number of options.
Magnificent Seven tech stocks are the most obvious way to access AI. The companies have been increasing spending on AI infrastructure and their share prices have shot up as a result. Well-known investment trust giants such as Scottish Mortgage, on a 12 per cent discount, have long been fans of tech companies, holding positions in listed companies including Amazon, Nvidia and Meta.
But investment trusts are also seeking to access AI through less obvious companies or are capitalising on the boom via other routes.