The rapid growth of AI and investing in its ETF will change the investment into a rocket

So keeping in mind all the categories of investment and money and future growth we have curated 5 best AI which have ETFs and invested in them

The race for artificial intelligence, or AI, continues to increase as we enter 2024. Major players in technology companies are constantly presenting new strategies, indicating a strong market. and changeable.

Investors are increasingly drawn to AI ETFs for several reasons. The potential for high returns is undeniable, driven by the rapid advancements in AI technology. Additionally, these funds offer diversification benefits, allowing investors to tap into the global tech ecosystem without the risk of putting all their eggs in one basket.

UNDERSTANDING AI TECHNOLOGY

Before diving into AI ETF, it is essential to understand the basics of AI technology. Machine learning (ML) and deep learning are key advances in AI, enabling computers to learn from data and make intelligent decisions. The real-world applications of AI are diverse, from medical research to autonomous vehicles.

Shares of Roundhill Generative AI and Technology ETF

Current price: 31.08$

The type of AI that most investors may be familiar with is artificial intelligence, which includes OpenAI’s ChatGPT. This type of AI specializes in generating human-like written answers to questions using machine learning. It can be easily customized to the user’s needs through its application programming interface, or API. This feature has greatly increased in popularity with the ChatGPT version.

To focus on companies that are most involved and interested in artificial intelligence, investors can buy CHAT. This ETF is actively managed, meaning that its portfolio managers select stocks based on their research and not from an index. It focuses on 37 stocks, with Microsoft, Nvidia, and Alphabet taking the top three spots. CHAT pays a fee of 0.75%.

Global X Robotics and Artificial Intelligence ETF (BOTZ) stock index

Current Price: 28.41 $

The index of BOTZ, the Global Robotics & Artificial Intelligence Thematic Index, has a lower ratio in technology stocks (48%) compared to AIQ (65%). In contrast, the ETF has a high proportion in the industrial sector, making up 35% of its holdings, while AIQ has only a 9% weight in this sector. This ETF may be ideal for investors looking to benefit from the practical application of AI tools. BOTZ pays up to 0.69%.

In addition to AI applications, this topic also benefits from industry investments that support the renaissance of manufacturing across the United States.” Unlike AIQ, BOTZ focuses on companies that are underground and businesses benefit directly from integrating and deploying AI into their operations and services.

Invesco AI & Next Generation Software ETF (IGPT) Financial Report

IGPT supports the STOXX World AC NexGen Software Development Index. Reyna explains, “The guide focuses on 100 companies around the world that make money from different types of software and intelligence such as data security, robotics, autonomous vehicles, semiconductors, and web platforms,” Reyna explains. Reyna explains.

The ETF pays a dividend of 0.61%.

This is an important consideration as Reyna says “In 2024 we are going to watch more working on robotics and their automation”

With the IGPT people or investors can have a broad aspect of technology with the AI integration in it.

Nasdaq Artificial Intelligence and Robotics ETF

Price Change (HIGH-LOW): 42-43$

This ETF tracks the Nasdaq CTA Artificial Intelligence and Robotics Index, which includes companies across various sectors that are involved in AI or robotics, categorized as enablers, engagers, or enhancers.

In the case of ROBT, this is the Nasdaq CTA Artificial Intelligence and Robotics Index, which analyzes and identifies stocks that qualify as AI providers, operators, or amplifiers. These models correspond to the degree and nature of the company’s involvement in AI.

Nasdaq CTA Artificial Intelligence and Robotics Index (NQROBO):

This is the underlying index tracked by ROBT and other ETFs. It might be interesting to you if you want to know more about the specific companies included and their weightage in the index.

Participants, which are companies that create, integrate, or directly deliver AI products and services, receive the highest weighting in the ETF at 60%. Contributors and movers, which are companies that develop AI components or provide value-added services, receive a weighting of 25% and 15% respectively. Within each category, the selected stocks are equally weighted. The ETF pays a fee of up to 0.65%.

Shares of iShares Multi-Sector Robotics & Artificial Intelligence ETF (IRBO)

IRBO closed at $58.42 per share.

The complex structure of ETFs can lead to higher investment costs than investors are used to. For those looking for low fees when it comes to investing in AI ETFs, IRBO can be a good fit.

This ETF tracks the 111 stocks represented by the NYSE FactSet Global Robotics and Artificial Intelligence Index and has an expense ratio of 0.47%, the lowest on this list.

The special thing that makes it unique over other mentioned ETFs is its mid and small-cap stocks, others having been focused only on large-cap stocks. This includes names like Microstrategy Inc. (MSTR), Sirius XM Holdings Inc . (SIRI), and Lumen Technologies Inc. (LUMN), which may be the next-generation leaders of the sector.

ARK Autonomous Technology & Robotics ETF

Current price: 55.03$

The ARK Autonomous Technology & Robotics ETF (ARKQ) is certainly an interesting option for exposure to the disruptive potential of automation and AI. ARKQ invests in companies involved in autonomous technology and robotics, providing focused exposure to these growing areas.

ARK Invest manages the fund very well, which is known for innovative and forward-looking ways to invest. Past Performance: ARKQ has produced impressive returns in recent years, sometimes outperforming the broader market.

Although the subject, the fund still holds 80 companies, offering some levels of diversity in the chosen subject.

ARKQ is a potentially rewarding investment for those looking for exposure to the future of autonomous technology and robotics. However, it’s essential to understand its inherent risks and volatility before investing.

CAUTION WHILE INVESTING

While the potential returns are tempting, exercise caution. AI is a dynamic, evolving field, and companies face challenges. Not all AI firms are equal, and market trends can shift rapidly. Check the ETF’s holdings, be prepared for volatility, and consider diversification to mitigate risks. In the world of AI investments, diligence is key for a potentially rewarding, albeit bumpy, ride.

ALSO READ: How to make money through chatgpt store in 2024. Open AI money glitch to make millions

Top 6 AI etfs to add in your portfolio in 2024. Boost your investment to the next level