Artificial intelligence (AI) is anyway and everywhere it seems these days, with popular platforms like OpenAI's ChatGPT captivating investor attention as stocks related to the technology rise higher.
AI is a little different than the trends of recent years like electric vehicles and the metaverse. Instead of predicting how AI will be applied to industries in the future, AI applications are revolutionizing multiple sectors right now.
There are multiple avenues to invest in AI, many of which include trusted technology companies like Google
Like any trend, investing through exchange-traded funds offer a more broad approach to industry gainers instead of placing individual bets on stocks that may or may not succeed in their AI technologies.
According to a survey by Brown Brothers Harriman published Monday, 56% of professional investors are planning to add AI- and robotics-focused ETF strategies to their portfolios this year, up from 46% in 2022.
And there are a lot of ETFs to choose from when it comes to AI, as most broad tech-focused funds hold stocks involved in the industry in some capacity. Plus, there are more focused ETFs that offer a more targeted approach.
Investors looking for a more broad strategy should consider funds like iShares U.S. Technology ETF
Other broad technology sector ETFs like Technology Select Sector SPDR Fund
For a more targeted approach, investors should consider funds that focus on autonomous tech, like Global X Robotics and Artificial Intelligence ETF