1 No-Brainer Artificial Intelligence (AI) ETF to Buy With $50 and Hold for the Long Term
This exchange-traded fund invests exclusively in companies developing artificial intelligence hardware and software.
Overview
Some exchange-traded funds (ETFs) hold hundreds, or even thousands, of individual stocks. The iShares A.I. Innovation and Tech Active ETF (NYSEMKT: BAI) holds just 49, because it only invests in select companies that are developing and deploying artificial intelligence (AI) technologies.
The ETF launched in October 2024. It has since delivered more than twice the return of the S&P 500 stock market index, thanks to blistering gains in some of its top holdings, which include semiconductor giants like Micron Technology and Nvidia. Investors can buy a single share in the ETF for under $50, and here's why it might be a great long-term addition to any diversified portfolio.
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Originally published at www.fool.com.