Is Roundhill Generative AI & Technology ETF a Millionaire Maker?
Roundhill Generative AI & Technology ETF (NYSEMKT: CHAT) is not an index-based exchange-traded fund (ETF). This is important to understand as you look at a thematic ETF that just happens to be built around one of the hottest Wall Street trends today: artificial intelligence (AI).
If you are looking for a millionaire-maker investment, it might seem like AI is the place to be right now, but don't get your hopes up.
According to Roundhill Generative AI & Technology ETF's prospectus, this exchange-trade fund invests in stocks that "are involved in the investment theme of artificial intelligence ("AI"), focused on generative AI and related technologies." It describes AI as a "computer simulation of human intelligence in computers that are programmed to think and learn like humans." So far there's nothing too shocking there, but the AI sector is very hot today.
Source Fool.com
