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BREAKING:

HONDA TO SET UP $15B EV PRODUCTION BASE IN CANADA

Automaker to get up to $5B in government assistance for EV battery, assembly plants

Best Stocks & ETFs for Artificial Intelligence

Neena Mishra
·2 min read

In this episode of ETF Spotlight, I speak with Zacks Senior Stock Strategist, Kevin Cook, about investing in advanced technologies, which are bringing science fiction to our offices, homes, cars, and portfolios.

London-based research company DeepMind, which was acquired by Alphabet parent Google (GOOGL) in 2014, has developed an AI system that can predict the 3D shape of all known proteins with almost perfect accuracy. This is a huge development for life sciences and medicine.

Exponential advancements in AI have changed the nature of computing, making Moore’s law irrelevant. Per WSJ, Huang’s law named for NVIDIA’s (NVDA) CEO, is in full effect now. We talk about NVIDIA and the rise of GPU computing.

Advanced Micro Devices (AMD) is surging to all-time highs after reporting as the chip maker continues to take market share from Intel. Cadence Design Systems (CDNS) produces software that designs and builds semiconductors.

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The Invesco QQQ (QQQ) and NASDAQ 100 ETF (QQQM), QQQ’s cheaper version, are the best ETFs to get exposure to many highly innovative companies working on advanced technologies.

The iShares Robotics And Artificial Intelligence Multisector ETF (IRBO), ARK Autonomous Technology & Robotics ETF (ARKQ), ROBO Global Artificial Intelligence ETF (THNQ), Global X Artificial Intelligence & Technology ETF (AIQ) are also worth a look.

Tune in to the podcast to learn more.

Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com.

(In full disclosure, Neena owns shares of IRBO in the ETF Investor Portfolio.)


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
 
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
 
Invesco QQQ (QQQ): ETF Research Reports
 
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
 
ARK Autonomous Technology & Robotics ETF (ARKQ): ETF Research Reports
 
Global X Artificial Intelligence & Technology ETF (AIQ): ETF Research Reports
 
iShares Robotics and Artificial Intelligence Multisector ETF (IRBO): ETF Research Reports
 
ROBO Global Artificial Intelligence ETF (THNQ): ETF Research Reports
 
Invesco NASDAQ 100 ETF (QQQM): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research