The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Robotics & Artificial Intelligence Thematic Index. The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to exchange-listed companies in developed markets that are involved in the development of robotics and/or artificial intelligence as defined by Indxx, the provider of the underlying index. The fund is non-diversified.
IPO Year: n/a
Exchange: NASDAQ
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The soaring investor interest in artificial intelligence has propelled a rally in U.S. stock markets, but it has also fueled concerns about a potential AI-bubble burst akin to the dotcom-bubble eruption of the late 1990s. The excitement over AI in recent weeks has sent the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), to new highs after gaining more than 50% from an October 2022 low. Meanwhile, the Nasdaq Composite Index, which is tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has soared more than 70% since the end of 2022, Reuters reported. Nvidia and a handful of other giant tech stocks are driving the current market, much in the same way that the “Four Horsemen” C
In a recent report, it was suggested that NVIDIA Corp (NASDAQ:NVDA) has one customer that contributes to a significant portion of its revenue, with Microsoft Corp (NASDAQ:MSFT) being the likely candidate. What Happened: A UBS note speculated that Microsoft might be Nvidia’s largest indirect customer, responsible for 19% of the chipmaker’s revenue in fiscal 2024, reported CNBC. The report highlighted that Nvidia’s revenue is heavily reliant on a few major customers, with Microsoft possibly being the most significant. This revelation comes at a time when Nvidia’s sales are soaring, largely due to the demand for its advanced processors for artificial intelligence technology. Despite th
Artificial intelligence companies have captivated the markets as the proliferation of AI looks to be a major disruptor in several industries. Investors have poured funds into AI exchange-traded funds (ETFs) to diversify their portfolios. The largest AI ETFs are the Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ), the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) and the ROBO Global Robotics And Automation Index ETF (ASX: ROBO). A question to ask is: Have they beaten the overall market? BOTZ ETF: According to data compiled from etf.com, the BOTZ ETF is the largest AI ETF with $2.76 billion in assets under management. BOTZ has appreciated by 10.63% in year-
According to Deloitte, the manufacturing sector faces a widespread shortage of skilled labor. Last year, three-quarters of manufacturing executives surveyed by the National Association of Manufacturers showed that "attracting and retaining a quality workforce" is “a primary business challenge." Some 83% of manufacturers quoted in the report said they believed smart factory solutions "will transform the way products are made in five years." The Biden administration’s ongoing effort to bolster U.S.-based manufacturing and impose tariffs puts the automation industry in a strategic position to cut costs to remain competitive. And automation combines emerging technologies in two dist
Ahead of Nvidia Corp.’s (NASDAQ:NVDA) earnings on Wednesday, Wedbush analyst Daniel Ives sounded upbeat about about AI-levered stocks and offered his take on what to expect from the AI stalwart’s quarterly report. Beat In The Cards: The big debate between bears and bulls, coming into 2024 was around monetization of the AI revolution, said Ives in a note. Investors were seeking proof for enterprise spending ramping up to justify the valuations of AI-levered stocks, he said. Big techs such as Microsoft Corp. (NASDAQ:MSFT), Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:META), Amazon, Inc. (NASDAQ:AMZN) and others confirmed over the last few weeks that “AI mon
In an exclusive interview with Benzinga, Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, shared his insights on sectors and themes that are currently capturing the firm's attention. As we navigate through the first half of 2024, he pointed to one area that stands out prominently: artificial intelligence (AI) and its transformative potential across various industries. AI: The Game Changer For 2024 Schwartz highlighted that global corporations are investing heavily in computing infrastructure, with over $100 billion being allocated annually. “We are also observing the emergence of superior chatbots and "CoPilots" that optimize existing software as well as conversa
Nvidia Corp (NASDAQ:NVDA) remained at the forefront of investor attention Monday amid reports of Chinese regulators instructing local tech firms to reduce their consumption of the key U.S. artificial intelligence chip designer. China urged domestic tech firms, including TikTok parent ByteDance, Tencent Holding Ltd (OTC:TCEHY), Alibaba Group Holding Limited (NYSE:BABA), and Baidu Inc (NASDAQ:BIDU), to invest in more domestically made AI chips instead, the Information cites familiar sources. Also Read: Is Nvidia Benefiting From US Sanctions On China? In 2023, the U.S. imposed strict restrictions on the import of advanced artificial intelligence chips from companies like Nvidia and A
Nvidia Corp (NASDAQ:NVDA) is enhancing its experimental ChatRTX chatbot by adding more AI models for RTX GPU owners. The chatbot operates locally on Windows PCs and uses Mistral or Llama 2 models to analyze personal documents. The update will expand its capabilities to include Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s Gemma, ChatGLM3, and OpenAI’s CLIP model, improving photo search functionality, the Verge reports. Initially launched in February as “Chat with RTX” and available as a demo app, ChatRTX requires an RTX 30- or 40-series GPU with at least 8GB of VRAM. It is a local chatbot server accessible via a browser, allowing users to input documents and YouTube video
Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), and Meta Platforms Inc (NASDAQ:META) have each made significant strides in cloud capital expenditure (capex) and artificial intelligence (AI) investments. According to a JPMorgan research report, these actions bode well for AI-levered cloud service provider (CSP) companies: Arista Networks Inc (NASDAQ:ANET), Coherent Corp (COHR), Dell Technologies Inc (NYSE:DELL) and Lumentum Holdings Inc (NASDAQ:LI). The firm noted that alternative AI beneficiary picks include Flex Ltd. (NASDAQ:FLEX) and Jabil Inc. (NYSE:JBL). Also Read: ‘Meta Actually Has Major Profit Margins Unlike Tesla’: Redditor Reacts To Stock Drop Fol
On Wednesday, Nvidia Corp (NASDAQ:NVDA) announced its acquisition of Run:ai, an Israeli startup specializing in software that simplifies the management of complex AI workloads and computing resources on a single platform. Reports indicate a valuation between $600 million – $700 million. The acquisition marks Nvidia’s most significant in Israel since its $6.9 billion purchase of Mellanox Technologies Ltd. in 2020, the Times of Israel reports. Also Read: AMD and Nvidia Recover Losses as AI Market Expansion and New Products Drive Growth Run: ai’s team will integrate into Nvidia’s expansive operations in Israel, which currently employs around 4,000 people across seven R&D centers, inclu