6 Best AI ETFs To Invest in AI Stocks (BOTZ, ROBO, etc.)
Artificial intelligence is poised to be a major driver of innovation and growth for a wide range of industries. Here we’ll look at the best AI ETFs to invest in AI stocks.
// TIMESTAMPS:
00:00 - Intro - Why AI?
01:44 - QQQ
02:47 - VGT
03:22 - BOTZ
04:14 - ROBO
05:22 - ARKQ
06:13 - IRBO
07:16 - Outro
// SUMMARY:
Artificial intelligence, or AI for short, as the name suggests, refers to systems designed to mimic the human brain. The term broadly applies to synthetic “intelligence,” learning, reasoning, and problem solving.
While AI is often associated with robots (usually ones that resemble human form), it is already used in many machines at a much smaller level across a wide variety of industries. Think task execution, recursive algorithms that self-optimize, and machine learning inside computers and on assembly lines.
Artificial intelligence is based on the premise that the human brain can be replicated to a degree in terms of its ability to think, improve, reason, and solve problems. AI systems can be simple or complex, depending on the intended application, and are usually based around algorithms. Think of IBM’s “Watson” and its ability to diagnose disease based on symptoms being input and then prescribe treatment. Other examples include self-driving cars, computers that play chess, and Apple’s famous personal assistant, Siri.
Artificial intelligence is constantly evolving and improving, and is already benefitting many industries including tech, telecommunication, finance, psychology, medicine, manufacturing, computer science, and more. At any level in any industry, AI is poised to be a major disruptive technology, and will likely provide a massive boost to productivity, thereby lowering costs and improving profitability.
The problem for investors seeking to go long on artificial intelligence is the fact that many pure AI and robotics stocks are small, volatile, foreign companies at risk of going under before their technology is brought to market. ETFs solve that problem, providing a basket of AI stocks to diversify exposure across the industry, thereby reducing single company risk. Below we’ll explore the best artificial intelligence ETFs for AI stocks:
QQQ - Invesco QQQ Trust
VGT - Vanguard Information Technology ETF
BOTZ - Global X Robotics & Artificial Intelligence ETF
ROBO - ROBO Global Robotics and Automation Index ETF
ARKQ - ARK Autonomous Technology & Robotics ETF
IRBO - iShares Robotics and Artificial Intelligence Multisector ETF
Read the blog post here: https://www.optimizedportfolio.com/ai...
#artificialintelligence #ai #etfs #investing #stocks #stockmarket
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Disclaimer: This is not financial advice, investing advice, or tax advice. The information presented is for informational, educational, and entertainment purposes only. Investment products discussed are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. I always attempt to ensure the accuracy of information presented but that accuracy cannot be guaranteed. Do your own due diligence. All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future results. Opinions are my own and do not represent those of other parties mentioned. Read my lengthier disclaimer here: https://www.optimizedportfolio.com/te...
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