Investors in the UAE are placing significant bets on artificial intelligence (AI) to yield substantial returns.

According to a recent survey conducted by trading and investment firm eToro, 71% of retail investors in the UAE are invested in stocks of companies that have integrated and adopted artificial intelligence (AI) technology.

In Q1 2024, AI stocks emerged as the most popular investment choice among UAE investors on the platform. Companies such as NVIDIA, Taiwan Semiconductor, Advanced Micro Devices, Adobe, Intel, and Microsoft were among the top picks during this period.

“The increased investment in these companies indicates investor confidence in the AI sector’s continued growth and ability to offer substantial returns in the long term. This also aligns with the UAE’s efforts to position itself as a hub for technology and innovation,” said Ben Laidler, Global Markets Strategist at eToro. 

Not only are investors betting on AI, but they also leverage the technology to manage their funds. Nearly 39% of UAE investors mentioned that AI tools like ChatGPT help them adjust their investments.