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First Trust Nasdaq Artificial Intelligence and Robotics ETF
2024-03-18 21:32:19 ET
Summary
The First Trust AI And Robotics ETF offers nuanced exposure to automation and AI, differentiating it from other ETFs in the market.
The ETF focuses on companies with a concentrated involvement in AI and robotics, offering an advantage over other ETFs.
Despite positive public sentiment towards AI, ROBT has underperformed the S&P 500 and QQQ over the past five years.
I believe due to valuation risks inherent in the industry at large, the diverse exposure the ETF offers can lead to long-term problems. My analyst rating is a Hold.