Streetbeat News

BOTZ

Global X Robotics & Artificial Intelligence ETF

http://www.globalxfunds.com/funds/botz/

Industry

Asset Management - Global

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.

Open

33.50

Mkt cap

2.6B

Volume

198K

High

33.68

P/E Ratio

46.49

52-wk high

33.68

Low

33.45

Div yield

0.00

52-wk low

24.16

AI-themed ETFs are gaining traction, with over a third launched in 2024, focusing on companies like Nvidia, Microsoft, Apple, and Meta. The total assets of AI ETFs have reached $4.5 billion. Notable ETFs like BOTZ, AIQ, IYW, and FTEC have shown significant growth, driven by the AI boom.

Portfolio Pulse from Pooja Rajkumari

October 28, 2024 | 8:56 am

The recent surge in AI-related stocks has driven significant gains in major U.S. indices, but there are growing concerns about a potential bubble burst similar to the dot-com era. Key players like Nvidia, Microsoft, and Cisco are central to this rally, with Nvidia showing particularly high growth. However, tech stocks are currently more modestly valued compared to the dot-com peak.

Portfolio Pulse from Michael Juliano

July 02, 2024 | 4:19 pm

A UBS report suggests that Microsoft may be Nvidia's largest customer, contributing to 19% of Nvidia's revenue in fiscal 2024. Nvidia's stock has surged 130% this year, driven by demand for AI processors. The report also highlights the growing interest in AI ETFs like BOTZ, AIQ, and ROBO. Nvidia's CEO will attend Taiwan's AI Tech Fest, and the U.S. has halted AI chip sales to the Middle East due to security concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:18 am

The article discusses the performance of major AI ETFs in 2024, including BOTZ, AIQ, and ROBO, and compares them to the S&P 500. BOTZ and AIQ have appreciated by 10.63% and 10.33% respectively, while ROBO has declined by 0.94%. None of these ETFs outperformed the S&P 500, which gained 11.46% in 2024.

Portfolio Pulse from Hayden Buckfire

May 29, 2024 | 6:22 pm

Ahead of Nvidia's (NASDAQ:NVDA) earnings report, Wedbush analyst Daniel Ives is optimistic about AI-levered stocks. Ives expects Nvidia to play a crucial role in AI monetization, with a 'beat-and-raise' anticipated. The focus will be on data center AI-driven spending and GPU demand. Other big tech companies like Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL) have already confirmed AI monetization progress. The Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) fell 0.62% while Nvidia rose 0.29%.

Portfolio Pulse from Shanthi Rexaline

May 22, 2024 | 2:17 pm

Jeremy Schwartz, CIO at WisdomTree, emphasizes the transformative potential of AI across industries and advocates for diversified AI investments beyond Nvidia. WisdomTree's AI-focused ETF, WTAI, offers broad exposure to the AI sector, investing in 80 stocks including ARM, Meta, Nvidia, Alphabet, Qualcomm, Micron, ASML, TSM, CrowdStrike, and Teradyne. Schwartz highlights the importance of a holistic approach to AI investment to capture future developments.

Portfolio Pulse from Surbhi Jain

May 21, 2024 | 12:10 pm

Nvidia Corp is in the spotlight as Chinese regulators have instructed local tech firms to reduce reliance on U.S. AI chips, favoring domestic solutions. This includes major companies like ByteDance, Tencent, Alibaba, and Baidu. The U.S. has imposed restrictions on AI chip exports to China, affecting companies like Nvidia and AMD. Despite this, Nvidia and Intel are developing AI chips tailored for the Chinese market. Nvidia's stock has seen significant growth, and exposure to Nvidia can be gained through ETFs like VanEck Semiconductor ETF and Global X Robotics & Artificial Intelligence ETF.

Portfolio Pulse from Anusuya Lahiri

May 13, 2024 | 3:02 pm

Nvidia Corp is enhancing its ChatRTX chatbot by integrating advanced AI models from Google and OpenAI, expanding its capabilities for RTX GPU owners. The update includes models like Google's Gemma and OpenAI's CLIP, improving functionalities such as photo search. Nvidia's move comes as it aims to dominate the accelerator market, with its stock rising over 194% in the last year. Tesla Inc is reported to be competing to become Nvidia's prime client for H100 chips, while investors can also gain exposure to Nvidia through ETFs like VanEck Semiconductor ETF and Global X Robotics & Artificial Intelligence ETF.

Portfolio Pulse from Anusuya Lahiri

May 02, 2024 | 1:06 pm

Microsoft, Alphabet, and Meta's increased investments in AI and cloud capex are expected to benefit Arista Networks, Coherent Corp, Dell Technologies, Lumentum Holdings, Flex Ltd., and Jabil Inc., according to a JPMorgan report. This investment surge indicates a strong year ahead for data center capex, with industry growth forecasts for data center investments from top CSPs now in the mid-teens range for 2024. AI-focused ETFs like BOTZ, AIQ, and ROBO are also anticipated to see positive impacts.

Portfolio Pulse from Surbhi Jain

April 26, 2024 | 7:37 pm

Nvidia Corp announced the acquisition of Israeli startup Run:ai for approximately $700M, aiming to enhance AI management capabilities. This marks Nvidia's most significant acquisition in Israel since Mellanox Technologies in 2020. Run:ai specializes in managing AI workloads and will integrate into Nvidia's operations in Israel. Nvidia plans to continue Run:ai's product sales and invest in its roadmap. Nvidia's stock has seen a 204% increase over the last 12 months, partly due to the AI market expansion.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 1:07 pm

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