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.

BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF (NYSE: IRBO) shares fell 0.55%, or $0.24 per share, to close Friday at $43.36. After opening the day at $43.16, shares of BlackRock Institutional N.A. - iShares Robotics and Artificial Intelligence Multisector ETF fluctuated between $43.57 and $43.16. Friday's activity brought BlackRock Institutional N.A. - iShares Robotics and Artificial Intelligence Multisector ETF's market cap to $433,600,000. The New York Stock Exchange is the world's largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals.