Industrials over tech? Gauging productivity play among AI ETFs
Publishing timestamp: 2023-08-26 10:00:02
Summary
Exchange-traded funds tied to artificial intelligence have been performing well, but the momentum is shifting as investors consider the impact of higher interest rates. Global X operates AI funds, with the Robotics and Artificial Intelligence ETF (BOTZ) being a key beneficiary. However, there is also a focus on the under-the-radar narrative of industrials benefiting from AI-induced efficiency. The Industrial Select Sector SPDR Fund (XLI) is mentioned as an ETF tied to industrials.
Sentiment: MIXED
Tickers: 6861.T-JP, GOOGL, IYW, META, .SPX, BOTZ, AMZN, XLK, KYCCF, NVDA, ISRG, XLI, .NDX, DT,
Keywords: dynatrace inc, nasdaq 100 index, global x artificial intelligence & technology etf, s&p 500 index, amazon.com inc, business news, stock markets, alphabet inc, markets, global x robotics & artificial intelligence etf, industrial select sector spdr fund, technology select sector spdr fund, ishares u.s. technology etf, intuitive surgical inc, investment strategy, nvidia corp, keyence corp, meta platforms inc, exchange-traded funds,
Source: https://www.cnbc.com/2023/08/26/industrials-over-tech-gauging-productivity-play-among-ai-etfs-.html