ETF EDGE Beyond Big Tech: Alternative ways to invest in A.I., according to two ETF experts

 Here's a quote from the source site...

While ETFs holding stocks such as Microsoft, Tesla and Meta Platforms have outperformed this year, there are other ways to play the artificial intelligence trade beyond familiar Big Tech names.

For those who want to ride the AI rally while still diversifying their portfolio beyond the tech sector, there are other fields benefiting indirectly from the AI craze, two ETF experts say.

Baird’s head of ETF trading, Rich Lee, and VettaFi’s head of research, Todd Rosenbluth, both said there is a wider choice of industries seeing AI gains than investors may initially think.

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“We’re seeing trends towards health care, we’re seeing eCommerce companies,” Rosenbluth told CNBC’s Bob Pisani on “ETF Edge” on Monday.

“In the last four months, we’ve seen consistent flows and trends towards robotics,” he said, highlighting ETFs such as the Global Robotics and Automation Index ETF (ROBO), and the Global X Robotics & Artificial Intelligence ETF (BOTZ).

“AI is going to empower the industrial space and robotics to make them more efficient,” he added.

Read more at https://www.cnbc.com/2023/08/05/alternative-ways-to-invest-in-ai-according-to-two-etf-experts.html

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