Why to Bet on Artificial Intelligence ETFs With a Long-Term View

Robots and artificial intelligence (AI) are increasingly gaining precedence in our daily life. The pandemic-driven stay-at-home trend made it more important as we have become more dependent on the technology. The growing accessibility and falling costs are also making the space more demanding and lucrative. The global robotics technology market size was valued at $62.75 billion in 2019, and is projected to reach $189.36 billion by 2027, at a CAGR of 13.5%, per Allied Market Research. No wonder, AI-related investing tools like Global X Artificial Intelligence & Technology ETF AIQ, ROBO Global Robotics & Automation ETF ROBO, iShares Robotics and Artificial IRBO and First Trust Nasdaq Artificial Intelligence and Robotics ETF ROBT are hot bets now.