5 Best AI ETFs To Invest In 2024

In this article, we discuss 5 best AI to invest in 2024. If you want to read our discussion on the artificial intelligence industry, head directly to 12 Best AI ETFs To Invest In 2024. 

5. Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ)

YTD Share Price Gain as of March 8: 18.69%

Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) aims to invest in companies positioned to benefit from the growing adoption of robotics and artificial intelligence, covering areas such as industrial robotics, automation, non-industrial robots, and autonomous vehicles. Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) seeks to mirror the price and yield performance of the Indxx Global Robotics & Artificial Intelligence Thematic Index. Established in September 2016, the ETF offers an expense ratio of 0.69% and holds net assets of $3.39 billion as of March 7, 2024, with a portfolio comprising 42 stocks. It is one of the best AI ETFs to invest in. 

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the top holdings of Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ). The company focuses on developing, manufacturing, and marketing products that enable healthcare providers to enhance the quality and accessibility of minimally invasive care globally. On January 23, Intuitive Surgical, Inc. (NASDAQ:ISRG) reported a Q4 non-GAAP EPS of $1.60 and a revenue of $1.93 billion, outperforming Wall Street estimates by $0.11 and $30 million, respectively. 

According to Insider Monkey’s fourth quarter database, 82 hedge funds were bullish on Intuitive Surgical, Inc. (NASDAQ:ISRG), compared to 78 funds in the preceding quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company. 

Baron Health Care Fund stated the following regarding Intuitive Surgical, Inc. (NASDAQ:ISRG) in its fourth quarter 2023 investor letter:

“Additional tailwinds to performance came from robotic surgical system pioneer Intuitive Surgical, Inc. (NASDAQ:ISRG). We believe Intuitive Surgical will continue to innovate and launch new products that enhance surgical outcomes, and we think the company has a long runway for growth.

Intuitive Surgical, Inc. sells the da Vinci surgical robotic system for minimally invasive surgical procedures. The stock rose on investor speculation that the company could launch a new robotic system in 2024. We believe Intuitive Surgical will continue to innovate and launch new products that enhance surgical outcomes, and we think the company has a long runway for growth.”