UAE investors have increasingly turned their attention to AI stocks following a significant drop in prices. Data from eToro reveals that these investors are seizing opportunities in the artificial intelligence (AI) and blockchain sectors, focusing on long-term growth despite short-term setbacks.
AI stocks attract UAE investors after price dip
The key phrase “UAE investors AI stocks” highlights a growing trend where UAE-based investors are heavily investing in the AI sector. CrowdStrike, an AI-driven cybersecurity firm, saw a notable stock price decrease of over 40% in July due to an IT crash. Despite this, eToro data shows that the number of UAE investors holding CrowdStrike shares grew by 131% in the third quarter. This demonstrates the confidence investors have in the long-term potential of AI technologies.
Nvidia’s stock, in contrast, rose by more than 80% in the past six months, showing that AI is still regarded as a solid investment in the UAE. Similarly, Intel saw a 28% stock price drop in August but still experienced increased investor interest. This further illustrates the belief that AI companies will see strong growth despite market fluctuations.
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Blockchain sector mirrors AI stock trends
Alongside AI, blockchain stocks have also captured the attention of UAE investors. Marathon Digital Holdings, a company that mines digital assets like Bitcoin, saw an 82% increase in UAE holdings. This aligns with the growing awareness of blockchain’s transformative role in sectors such as decentralized finance.
Prominent technology companies like Snowflake, Micron Technology, and Advanced Micro Devices also saw increased interest, driven by the expectation of future growth in AI-related technologies. These trends reflect how UAE investors are forward-thinking and focused on emerging industries that are expected to shape the future of global technology.
UAE investors’ diversified portfolios
While AI and blockchain sectors are growing, traditional big tech companies remain dominant in UAE investors’ portfolios. Tesla, Amazon, Apple, Microsoft, and Alphabet (Google’s parent company) are among the most popular holdings, providing stability amid the rise of new industries.
According to Jason Hughes, senior executive officer at eToro, UAE investors are strategic and adaptable. They are quick to adjust their portfolios, looking for opportunities to invest in both AI stocks and the emerging blockchain market. Investors’ decisions are also influenced by macroeconomic and corporate developments, which helps them make informed choices in shaping their investments.
UAE investors’ growing interest in AI stocks and blockchain highlights their focus on industries expected to define the future. Despite price dips, they are strategically increasing their exposure to companies within these sectors, showing optimism for long-term returns. With a balanced approach between new technologies and established tech giants, UAE investors are setting themselves up for success in the evolving global market.