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.