Buying These 3 Artificial Intelligence (AI) ETFs Is a Smart Move for 2024

Unlike some past tech trends that investors believed to be the next big thing (I'm looking at you, 3D printing), artificial intelligence (AI) is living up to the hype, and its presence is increasingly found across various businesses and areas of our lives.

But identifying a single AI stock can feel overwhelming for investors unfamiliar with the industry. Fortunately for them, choosing an exchange-traded fund (ETF) is an excellent way to gain AI exposure while reducing the risk of investing in a single stock, and starting positions in these AI ETFs seems like a bright idea right now: the Ark Autonomous Technology Robotics ETF (NYSEMKT: ARKQ), the iShares Robotics and Artificial Intelligence Multisector ETF (NYSEMKT: IRBO), and the Roundhill Generative AI Technology ETF (NYSEMKT: CHAT).

With Cathie Wood at the helm, the Ark Autonomous Technology Robotics ETF includes exposure to a wide variety of AI-related stocks. Autonomous mobility stocks are the main concentration of the ETF's holdings, representing approximately 45% of the fund's composition. One of the most recognizable names in self-driving, , is the ETF's largest holding, representing a weighting of 12.6%. Similarly, Trimble, the fourth-largest position in the Ark Autonomous Technology Robotics ETF, provides navigation solutions to help facilitate autonomous mobility.

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Source Fool.com