BOTZ is an ETF focused on robotics and AI, which is outperforming its peers. This has less to do with superior stock selection and more to do with its holding in Nvidia and annual rebalancing. The fund does have a unique portfolio composition which includes a mix of technology and industrial stocks, with exposure to Japanese companies, making it an attractive speculative investment.
One of the best ways to gain maximum exposure to the unstoppable artificial intelligence boom is with an exchange-traded fund (ETF). Not only do they expose your portfolio to dozens of top AI names, but also these AI ETFs do so for far less cost.
My task today is to identify three robotics stocks to buy in June that you can turn into $1 million from a $1,000 investment. As I write this mid-way through June, the S&P 500 is already up nearly 15% on the year, while the largest U.S.-listed robotics exchange-traded fund, the Global X Robotics & Artificial Intelligence (NASDAQ: BOTZ ) with $2.75 billion in net assets, is up 43 basis points year-to-date relative to the index.
The comment above came Tuesday from prominent Democratic economist Larry Summers as he spoke at an Economic Club of New York event with Republican economist Glenn Hubbard.
AI technology is expected to turbocharge growth in robotics as it moves beyond programmed tasks to an adaptive learning system. However, both technologies are still in their nascency, offering tremendous long-term upside potential in robotics stocks to buy.
There are several different facets of the artificial intelligence industry. Some of these areas, however, have produced overheated stocks.
The S&P 500 and Nasdaq Composite are back in familiar territory, jumping to record highs yesterday. Led by a soft April U.S. consumer inflation print, Mr.