Like Artificial Intelligence & Robotics Stocks? The "BOTZ" ETF Is Worth Considering
Demand for industrial robotics has been soaring as companies across the globe adopt them in order to increase efficiency. Likewise, consumers are increasingly scooping up robots -- such as the ones made by iRobot (NASDAQ: IRBT) -- to perform household tasks like vacuuming.
Thanks to tremendous recent advances in artificial intelligence (AI) by companies such as NVIDIA (NASDAQ: NVDA), the complexity of tasks that robots can perform is expanding as we zoom closer to a Jetsons-like reality where cars drive themselves, among other things.
Investors who are interested in the burgeoning and interrelated robotics and AI spaces, but don't want to bet on just one or two players, might want to consider the Global X Robotics & Artificial Intelligence ETF (NASDAQ: BOTZ), often referred to as "BOTZ," which is its stock ticker symbol.
Source: Fool.com