XAR - XAR And BOTZ: Hedging Bets For Conventional Vs. AI Weapons
With the backdrop that the U.S. Congress has released its $738 billion defense budget, a Nov. 4 interim report from the National Security Commission on Artificial Intelligence was tasked by Congress to research ways to advance the development of artificial intelligence for national security and defense purposes.
In this article, I discuss how the strong growth in conventional defense weapon spending and AI weapon applications should benefit two ETFs. One ETF has a portfolio of defense companies that are primarily conventional weapons contractors, and one ETF has a portfolio of AI and robotic companies addressing