Picking the next Nvidia (NASDAQ: NVDA) or Palantir (NASDAQ: PLTR) could create enormous wealth. However, the big problem is identifying the company and investing in it before everyone else does. But instead of trying to pick individual winners, which has proven to be incredibly difficult, investors can choose exchange-traded funds (ETFs) that capture potentially winning themes and markets. For example, instead of trying to find the next SK Hynix (NASDAQ: SKHY) while it's tiny, you could choose the Global X Artificial Intelligence and Technology ETF (NASDAQ: AIQ) and own a basket of stocks operating in the industry. You'll own some winners and some underperformers, but you will diversify away a lot of the risk of being wrong. Missed Nvidia in 2009?
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