Top 5 Artificial Intelligence ETFs to Invest in Right Now
Artificial intelligence (AI) is revolutionizing the global economy by changing the way businesses operate, consume, and produce products. The long-term growth potential of this technology is immense, with experts predicting that AI could contribute up to $15.7 trillion to the global economy by 2030. As the demand for AI continues to rise, so does the demand for investment opportunities in this sector. One such opportunity is ETFs. In this article, we will discuss the top 5 AI ETFs to invest in right now.
1. Global X Robotics & Artificial Intelligence ETF (BOTZ)
BOTZ is one of the most popular AI ETFs, with over $3.3bn in assets under management. It tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index, which includes companies that are primarily engaged in robotics, automation, or artificial intelligence. BOTZ has a diverse portfolio of over 30 holdings, with top holdings in companies such as Intuitive Surgical, NVIDIA, and Teradyne.
2. AI Powered Equity ETF (AIEQ)
AIEQ is another popular AI ETF, with a unique approach to investing. Unlike other ETFs that are managed by humans, AIEQ is managed by IBM’s Watson AI system. The AI system analyzes large amounts of data to make investment decisions based on market trends and company performance. AIEQ has over $340m in assets under management and has a diverse portfolio of over 120 holdings, with top holdings in companies such as Amazon, Alphabet, and Microsoft.
3. iShares Robotics and Artificial Intelligence ETF (IRBO)
IRBO is an AI ETF that focuses on companies that are involved in the development and production of robotics and AI technologies. The ETF tracks the FactSet Innovative Technology Index and has over $150m in assets under management. It has a diversified portfolio of over 80 companies, with top holdings in companies such as iRobot, Yaskawa Electric, and Fanuc.
4. First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
ROBT is an AI ETF that tracks the Nasdaq CTA Artificial Intelligence and Robotics Index. It has over $130m in assets under management and invests in companies involved in the development and production of AI and robotic technologies. ROBT has a diverse portfolio of over 90 holdings, with top holdings in companies such as Apple, Amazon, and Intel.
5. VanEck Vectors Artificial Intelligence and Semiconductor ETF (SMH)
SMH is an AI ETF that invests in companies involved in the production of semiconductors, which are critical components in AI and machine learning technologies. The ETF tracks the MVIS US Listed Semiconductor 25 Index and has over $3.5bn in assets under management. SMH has a diversified portfolio of over 25 holdings, with top holdings in companies such as Taiwan Semiconductor Manufacturing, NVIDIA, and Intel.
Conclusion
Investing in AI ETFs can provide exposure to the rapidly growing AI sector, which has immense long-term potential. The above-discussed AI ETFs offer a diversified portfolio of holdings and are managed by experienced professionals and AI systems. However, as with any investment, it’s crucial to conduct thorough research and consult with a financial advisor to make informed investment decisions.
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