In this article, we will take a look at the 5 best AI ETFs to invest in 2023. To see more such ETFs, go directly to 11 Best AI ETFs to Invest In 2023.
5. iShares Exponential Technologies ETF (NASDAQ:XT)
iShares Exponential Technologies ETF (NASDAQ:XT) is focused on companies that “displace” old companies and technologies and create new industries and markets. This ETF is one of the best artificial intelligence ETFs to invest in 2023 since it gives investors huge exposure to emerging companies. Some notable holdings of iShares Exponential Technologies ETF (NASDAQ:XT) include NVIDIA Corporation (NASDAQ:NVDA), Meta Platforms, Inc. (NASDAQ:META), and Advanced Micro Devices, Inc. (NASDAQ:AMD).
Advanced Micro Devices, Inc. (NASDAQ:AMD) is not getting much love from the Street since all the limelight is currently taken away by its rival Nvidia. But Advanced Micro Devices, Inc. (NASDAQ:AMD) could become a key player in the AI sector as it has a strong ability to catch-up. Advanced Micro Devices, Inc. (NASDAQ:AMD) earlier this year revealed some Accelerated Processing Units that are used to power supercomputers. It’s also reported that Advanced Micro Devices, Inc. (NASDAQ:AMD)’s MI200 was used to train Microsoft Corporation (NASDAQ:MSFT)’s Azure for large-scale training data.
4. Roundhill Generative AI & Technology ETF (NYSE:CHAT)
Roundhill Generative AI & Technology ETF (NYSE:CHAT) is one of the new arrivals in the market as it was designed and launched recently as a pure-play AI ETF to give investors exposure to the generative AI technology that lies at the heart of the current AI boom. We talked in detail about this ETF and its holdings in our best generative AI stock picks article.
3. IQ Global Equity R&D Leaders ETF (NASDAQ:WRND)
IQ Global Equity R&D Leaders ETF (NASDAQ:WRND) seeks to track the performance of the IQ Global Equity R&D Leaders Index, which has exposure to growth companies with high R&D spending. Some of the top holdings of IQ Global Equity R&D Leaders ETF (NASDAQ:WRND) include Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN) and Meta Platforms, Inc. (NASDAQ:META).
Amazon.com, Inc. (NASDAQ:AMZN) remains one of the top companies that stand to benefit from the AI boom since its AWS-based technologies are expected to see a huge demand from companies that are looking to make AI-based applications.
2. Robo Global Artificial Intelligence ETF (NYSE:THNQ)
Robo Global Artificial Intelligence ETF (NYSE:THNQ) focuses on companies that are powering the AI infrastructure, such as computing, data and cloud-services. Robo Global Artificial Intelligence ETF (NYSE:THNQ) seeks to track the ROBO Global® Artificial Intelligence Index. In addition to the famous AI names like NVIDIA Corporation (NASDAQ:NVDA), Alphabet Inc. (NASDAQ:GOOG), and Amazon.com, Inc. (NASDAQ:AMZN), the fund has exposure to companies like Shopify Inc. (NYSE:SHOP), Lam Research Corporation (NASDAQ:LRCX) and MongoDB, Inc. (NASDAQ:MDB) that are indirect beneficiaries of the AI wave.
1. WisdomTree International Al Enhanced Value Fund (NYSE:AIVI)
WisdomTree International Al Enhanced Value Fund (NYSE:AIVI) is a unique fund in the AI space since it targets to gain both income and capital appreciation by investing in companies outside of the US and Canada. WisdomTree International Al Enhanced Value Fund (NYSE:AIVI) is thus suitable for investors who are looking to gain exposure to European markets. Some notable names in the ETF’s holdings include Koninklijke Philips NV (NYSE:PHG), Aviva Plc (NYSE:AV) and Enagás, S.A. (OTC:ENGGY).
But one might wonder what a natural gas company like Enagás, S.A. (OTC:ENGGY) has to do with AI. This is exactly what makes this ETF interesting. It’s exposed to companies that are using AI in products, services and operations that will indirectly benefit from AI. Enagás, S.A. (OTC:ENGGY) uses AI to optimize its operations and track energy monitoring.
You can also take a peek at 10 Most Profitable Small Businesses in 2023 and 10 Best April Dividend Stocks To Buy.
