September 9, 2021
With so many tech giants near their peak, it might seem difficult to find growth stocks, but robotics and artificial intelligence might just be the growth stocks that investors are looking for. The biggest ETFs in the space are ARK Autonomous Technology Robotics ETF (ARKQ), Global X Robotics & Artificial intelligence ETF (BOTZ), Robo Global Robotics and Automation Index ETF (ROBO), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), and First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT). Cathie Wood’s ARKQ has outperformed this year in large part due to a bet on TESLA, but the ROBO ETF has outpaced the SPY over the last 5 years. Intuitive Surgical and Nvidia are the only stocks held by all five ETFs, and Chinese tech underpins most of these ETFs, which could be worrisome as regulation is erratic lately. However, Wall Street sees the highest upside in many of the Chinese companies, with Alibaba Group and Baidu Inc. leading the way with over 60% appreciation anticipated. In the U.S. it’s TuSimple Holdings and PTC Inc. that have the largest consensus upside.
FINSUM + Magnifi: These robotics stocks are some of the best bets to be staples in the Nasdaq over the next decade, and should be part of your momentum portfolio.
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