AI & Robotics Stocks Performing Better Than Other Investments

Published by , July 31, 2017 12:40 pm

(Robots&AutomationNews) Artificial intelligence and robotics stocks are performing better than many other investments on the stock market, according to a recent report. The robotics and AI stocks are not as closely followed by the majority of investors as is the well-known tech stocks. The Global X Robotics and Artificial Intelligence ETF (BOTZ) and the ROBO Global Robotics and Automation Index (ROBO) have done well. BOTZ is up 30 percent this year, which ROBO is up 25 percent.
“In our opinion, robotics, automation, AI is really the next ‘FANG’ trade if you will,” William Studebaker, president and CIO at Robo Global, told CNBC. By “FANG” Studebaker meant tech stocks Facebook, Amazon, Netflix and Alphabet, parent company of Google. This means there are probably many bargains and good investments to be found if an investor was to look more deeply into the market.

Tags: ,