Best Stocks & ETFs for Artificial Intelligence

Neena Mishra Published on July 30, 2021

AMD NVDA CDNS QQQ GOOGL ARKQ AIQ IRBO THNQ QQQM

(1:00) - What Is Technological Singularity?
(4:30) - Understanding Artificial Intelligence: Why Should Investors Be Paying Attention To AI?
(14:15) - DeepMind's Major Advancement and Impact
(19:40) - The King of AI: Who Are The Major Competitors?
(27:10) - AI Stocks & ETFs To Keep On Your Radar
(31:00) - How Can AI Increase Human Productivity?
Podcast@Zacks.com

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 - Free Report) 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 - Free Report) CEO, is in full effect now. We talk about NVIDIA and the rise of GPU computing.

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

The Invesco QQQ (QQQ - Free Report) and NASDAQ 100 ETF (QQQM - Free Report) , 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 - Free Report) , ARK Autonomous Technology & Robotics ETF (ARKQ), ROBO Global Artificial Intelligence ETF (THNQ - Free Report) , Global X Artificial Intelligence & Technology ETF (AIQ - Free Report) 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.)

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This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.