Artificial intelligence (AI) is the hottest technology of 2023, with many stocks in the emerging industry absolutely surging year to date:

But last year was a different story; many of these names suffered steep declines -- in some cases of 50% or more -- which is a reminder that big gains typically come with a higher degree of volatility. So what's the best way for investors with a more conservative risk profile to get involved in AI stocks?

Index funds are a cheap and often diversified way to capture the upside of an entire market. They allow investors to gain exposure to a basket of stocks neatly wrapped up in a single security that they can buy and sell in one transaction. This is often called passive investing.

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Source Fool.com