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

Advanced Micro Devices, Inc (AMD) and Nvidia Corp (NVDA) stocks rose on Tuesday, recovering from last Friday's selloff triggered by concerns over U.S. Federal Reserve rate cuts and geopolitical tensions. Reports of Chinese companies circumventing U.S. embargoes to procure Nvidia chips have surfaced. Analysts predict Nvidia's dominance in the AI accelerator market, while AMD's new product launches and the Xilinx acquisition are expected to drive growth. Both stocks have seen significant gains over the past year, with exposure to Nvidia also available through ETFs like VanEck Semiconductor ETF (SMH) and Global X Robotics & Artificial Intelligence ETF (BOTZ).

Portfolio Pulse from Anusuya Lahiri

April 23, 2024 | 6:49 pm

China is phasing out foreign processors from its telecom systems by 2027, impacting AMD and Intel significantly as they are major suppliers. This move aligns with China's goal to use domestic chips, challenging the dominance of American semiconductor companies in its largest market. Nvidia, despite U.S. sanctions, remains competitive by adapting its products for the Chinese market and maintaining its lead in AI chips. AMD and Intel are shifting focus to AI in personal computers. Nvidia, AMD, and Intel stocks traded lower following these developments.

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 2:24 pm

Nvidia has seen a significant rise, approximately 230%, driven by AI technology adoption, outpacing the S&P 500 and other semiconductor companies like Marvell Technology, which rose about 73%. Marvell, specializing in DSP and ASICs, is positioning itself in the AI market through partnerships and new technologies. The AI and semiconductor industries' growth also highlights the potential of AI-exposed ETFs like Spear Alpha ETF, which has seen a 61% increase.

Portfolio Pulse from Johnny Rice

April 11, 2024 | 6:24 pm

Nvidia Corp dominates the data center GPU market with a 92% share, highlighting U.S. leadership in generative AI. The company's CUDA platform is widely used by developers, contributing to its market value surge to $1.73 trillion by 2024. U.S. tech giants like Meta Platforms, Amazon, Microsoft, and Alphabet lead in cloud infrastructure and AI investments. Nvidia's sales from data centers are expected to constitute over 85% of its total revenue. The stock has surged 242% in the last 12 months, with exposure available through VanEck Semiconductor ETF and Global X Robotics & Artificial Intelligence ETF.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 12:35 pm

Nvidia Corp (NASDAQ:NVDA) is set to host its annual AI conference, GTC, with expectations of unveiling significant news to continue its stock rally. The event, dubbed 'AI Woodstock' by Bank of America analysts, is anticipated to reveal the next-generation AI processor, the B100, and further Nvidia's dominance in the AI market. Nvidia's market cap recently surpassed $2 trillion, closely trailing Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT). Analysts project an 81% revenue surge to $110 billion this year for Nvidia. Investors can also gain exposure to Nvidia through the VanEck Semiconductor ETF (NASDAQ:SMH) and Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ).

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 4:30 pm

The European Union Parliament has endorsed the world's first comprehensive AI regulatory framework, categorizing AI technologies based on risk levels. This move positions Europe as a leader in global AI standards and impacts major tech companies like Nvidia, Alphabet Inc, Amazon, Apple, Meta Platforms, and Microsoft, which are heavily invested in AI development. The EU's regulatory efforts also target anti-competitive practices with the Digital Markets Act. Investors can gain exposure to AI through ETFs like BOTZ and IYW.

Portfolio Pulse from Anusuya Lahiri

March 13, 2024 | 12:35 pm

Nvidia Corp (NASDAQ:NVDA) has seen its market value increase by over $1 trillion this year, with its stock price nearing $1,000 after a 240% gain last year. Experts suggest another stock split could be on the horizon to make shares more accessible to small retail investors. Despite no immediate plans for a split, Nvidia's significant role in AI and its expected revenue growth in the Data Center sector highlight its strong market position. NVDA shares recently traded lower by 1.43% at $910.68.

Portfolio Pulse from Anusuya Lahiri

March 08, 2024 | 4:44 pm

Mizuho analyst Vijay Rakesh has reiterated a Buy rating on Nvidia, AMD, Broadcom, and Arm Holdings, raising their price targets due to multiple expansion and catalysts ahead. Rakesh highlights Arm's leadership in the mobile CPU space and its accelerating custom silicon roadmap. Nvidia is seen as the biggest near-term AI winner, with AMD and Broadcom also benefiting significantly from the AI boom. Investors can gain exposure to Nvidia through the VanEck Semiconductor ETF (SMH) and the Global X Robotics & Artificial Intelligence ETF (BOTZ). NVDA shares saw a 3.49% increase.

Portfolio Pulse from Anusuya Lahiri

March 07, 2024 | 6:22 pm

TrueMark Investment's CEO, Michael Loukas, discusses the firm's strategy of using actively managed ETFs, particularly in the AI sector, to outperform the market. TrueMark's TrueShares Technology, AI & Deep Learning ETF (LRNZ) has shown significant returns, placing second in its category over six months and one year periods. The firm focuses on high-conviction, concentrated portfolios, including stocks like NVIDIA (NVDA) and AMD (AMD), to achieve superior returns.

Portfolio Pulse from Piero Cingari

March 05, 2024 | 6:19 pm

Nvidia Corp's CEO, Jensen Huang, predicts that artificial general intelligence (AGI) could be achieved within the next five years, emphasizing Nvidia's leading role in AI chip production. This development is crucial for AI systems like OpenAI's ChatGPT. Huang's optimism is based on the potential for AI to pass a broad range of human tests soon, although he acknowledges the challenges in replicating human cognitive processes. Nvidia's dominance in the accelerator market is highlighted, with significant growth in data center sales. Investors can gain exposure to Nvidia through the VanEck Semiconductor ETF (SMH) and the Global X Robotics & Artificial Intelligence ETF (BOTZ), which have seen substantial gains.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 1:02 pm

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