Bank of America’s 14 Emerging Technology Investment Themes are Listed in 6G Battery Technology, and Metaverse
The Bank of America (BofA) strategist listed the latest “Shooting Moon” technology investment list, including 6G network, electric vertical take-off and landing flying vehicle (eVTOL), metaverse, next-generation batteries, green mining, etc., are all considered For the possibility of giving birth to the next Apple or Amazon industry.
The list of strategists such as Haim Isreal, head of Bank of America’s global thematic investment research department is as follows:
6G telecommunication network
Emotional artificial intelligence
Brain computer interfaces
Electric vertical takeoff and landing flying cars (eVTOL)
Next generation batteries
Carbon capture and storage
Among the 14 “moon shooting” technologies, the 6G network has the most promising growth potential, exceeding 120%. Electric vertical take-off and landing flying vehicles (eVTOL) come in second with about 70%, followed by carbon capture and immortality, both of which have comparable potentials.
The Bank of America said that the market size of these 14 sectors is currently only about US$330 billion, but will expand at an average compound annual growth rate of 36%, reaching US$6.4 trillion in the 2030s, and the return rate far exceeds that of the S&P 500 constituent stocks. The past 6% compound annual growth rate.
The Bank of America forecast echoes investors’ growing interest in emerging fields. Cathie Wook, the founder of Ark Investments, known as the “God of Female Stocks,” is known for investing in emerging technologies. The Ark Innovation ETF she manages attracted a total of US$42 billion in capital inflows this year, more than the total amount in the past year.
But investing in early-stage innovators is often accompanied by risks. These companies may not be profitable for a long time, or their stock prices may fluctuate sharply. For example, Goldman Sachs, an index tracking unprofitable technology companies in the innovation field, plunged nearly 40% earlier this year and has yet to regain all the lost ground.
Bank of America said that observing the changes brought about by smart phones and renewable energy in the past, new technologies are often changing human lives faster than experts imagine. Judging from the “lifespan” of the S&P 500 constituent companies, in 1958, the average survival time of companies was 61 years. By 2016, it had been drastically shortened to 24 years. By 2027, there will be only 12 years left.