Got $100? 1 Artificial Intelligence (AI) Memory ETF to Buy Hand Over Fist
There's a major ETF focused on AI memory stocks, but it has some drawbacks.
Overview
The rapid growth in demand for memory and storage capacity in data centers is reshaping the landscape on Wall Street. While chipmakers and hyperscalers were hot investing plays during earlier phases of the artificial intelligence infrastructure build-out, now there's much more interest in memory makers such as Micron Technology, Sandisk, and SK Hynix.
Pure-play AI memory stock exchange-traded funds are also popping up. A popular one is the Roundhill Memory ETF (NYSEMKT: DRAM), which was launched on April 2, and marketed as the first-ever memory stock ETF.
Details
The Roundhill Memory ETF may provide exposure to some of the best-known AI memory companies, but I prefer another option, even though it's not a pure play on that niche: the Invesco Dorsey Wright Technology Momentum ETF (NASDAQ: PTF).
Source
Originally published at www.fool.com.