Tech Sell-Off: 1 No-Brainer Artificial Intelligence (AI) ETF to Buy With $85 and Hold for the Long Term
The recent stock market sell-off gives investors a chance to buy a slice of the artificial intelligence revolution at a discount.
Overview
Almost 70% of the Nasdaq-100 index's value is occupied by technology stocks, which is why it tends to outperform the more diversified S&P 500. However, it can also be more volatile during periods of uncertainty, and it's currently down 8% from its recent peak as investors trim their exposure to the high-flying artificial intelligence (AI) trade.
But for investors who believe in AI's long-term potential, this could be a great buying opportunity. Picking winners and losers won't be easy, so it might be a better idea to consider an exchange-traded fund (ETF) like the Roundhill Generative AI and Technology ETF (NYSEMKT: CHAT), which holds 52 of the AI industry's fastest-growing stocks.
Details
The ETF is currently down 20% from its record high amid the broader tech sell-off, and investors can now scoop up a single share for under $85.
Source
Originally published at www.fool.com.