1 Artificial Intelligence (AI) ETF to Buy Hand Over Fist and 1 to Avoid
It looks like artificial intelligence (AI) is more than the latest fad. The technology is becoming an integral part of how people do things, from work to play, offering solutions to simplify complex activities. Many companies are investing billions of dollars into it in their efforts to become leaders in aspects of the industry or to maintain their positions in their established arenas.Based on various forecasts, AI could become a trillion-dollar industry, and the companies that succeed in leading the charge could create tremendous shareholder value. Naturally, many investors are trying to predict which ones are going to be the winners and allocate their funds accordingly. However, since it's important to diversify your portfolio across many industries, it doesn't make sense for most investors to pick too many AI stocks.If you're looking for a way to get exposure to the AI revolution without placing too much money into that single industry, consider buying an exchange-traded fund (ETF) that's focused on AI. That would give you easy exposure to a variety of stocks in a single asset, allowing you to benefit from many winners without overexposing yourself to the space or increasing your risk through a lack of diversification.Continue reading
It looks like artificial intelligence (AI) is more than the latest fad. The technology is becoming an integral part of how people do things, from work to play, offering solutions to simplify complex activities. Many companies are investing billions of dollars into it in their efforts to become leaders in aspects of the industry or to maintain their positions in their established arenas.
Based on various forecasts, AI could become a trillion-dollar industry, and the companies that succeed in leading the charge could create tremendous shareholder value. Naturally, many investors are trying to predict which ones are going to be the winners and allocate their funds accordingly. However, since it's important to diversify your portfolio across many industries, it doesn't make sense for most investors to pick too many AI stocks.
If you're looking for a way to get exposure to the AI revolution without placing too much money into that single industry, consider buying an exchange-traded fund (ETF) that's focused on AI. That would give you easy exposure to a variety of stocks in a single asset, allowing you to benefit from many winners without overexposing yourself to the space or increasing your risk through a lack of diversification.
