In late January, the world of artificial intelligence went mainstream when popular online media company BuzzFeed announced it was planning to use artificial intelligence software called API to help it generate content. OpenAI, the company that created API, also made the more popular ChatGPT, released in November of 2022. API and ChatGPT have been used to write emails and create quizzes and listicles. It has even been used to write reports on popular books and other essay-style assignments for high school and college students. While we have all heard about the potential of artificial intelligence for years, BuzzFeed taking the plunge and using it to create content is a big deal.

The Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) provides exposure to companies that are involved in industrial robotics and automation, non-industrial robotics, and autonomous vehicles. The fund was created in 2016 and has a total expense ratio of 0.68% (4th cheapest among similar ETFs). Wisdom Tree and iShares provide similar offerings in the robotics and AI space with cheaper expense ratios. The fund has returned 3.84% per annum since inception, with an index tracking error of 0.44%. BOTZ is down more than 50% this year, suffering from sharp drawdowns in 2022 owing to rising rates and previously high valuations.

The value of an investment in ETFs may go down as well as up and past performance is not a reliable indicator of future performance. Trading in ETFs may not be suitable for all types of investors as they carry a high degree of risk. You may lose all of your initial investment. Only speculate with money you can afford to lose. Changes in exchange rates may also cause your investment to go up or down in value.

Today, Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF Inc's (NASDAQ: BOTZ) stock fell $0.44, accounting for a 1.26% decrease. Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF opened at $34.58 before trading between $34.59 and $34.27 throughout Friday's session. The activity saw Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF's market cap fall to $2,485,602,400 on 254,899 shares -below their 30-day average of 484,968. The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world's leading exchange for options volume and is home to the five largest US companies - Apple, Microsoft, Amazon, Alphabet and Facebook.

For investors looking for momentum, Global X Robotics & Artificial Intelligence ETF BOTZ is probably a suitable pick. The fund just hit a 52-week high and is up 99.4% from its 52-week low price of $18.49/share. Let's take a look at the fund and its near-term outlook to gain an insight into where it might be headed: This ETF seeks to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and AI, including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles. It has AUM of $2.60 billion and charges 68 basis points (bps) in annual fees. Due to the coronavirus outbreak, the robotics market is flooded with opportunities as robots are being used for jobs such as sanitizing hospitals, homes and workplaces along with monitoring, surveying, handling, and delivering food and medicines.

Robots have been able to supplant humans to help stem the tide of coronavirus infections and artificial intelligence has been able to interpret data related to Covid-19 at alarming speed. While this might seemingly pose a threat to jobs, the disruption could actually help create new jobs, according to a Venture Beat article. "Contrary to some beliefs, I see robots as creating vast amounts of new jobs in the future," said Slamcore co-founder and CEO Owen Nicholson. "Just like 50 years ago a website designer, vlogger, or database architect were not things, over the next 50 years we will see many new types of job emerge." One example where employment opportunities could open up is via robot pilots.

Don't get bogged down in searching for individual stocks to capitalize on and focus instead on these four artificial intelligence ETFs to buy now. As an investor, you try to find the best bang for your buck. But you don't have hours every day to do specific sector research and locate companies that check off all the important markers for being a good "buy." A way you can capitalize on an entire sector without the pain of pouring over tons of research and charts is investing in exchange-traded funds. ETFs are automatically diversified by holding numerous companies in specific sectors.

SOL Capital Management CO grew its stake in Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) by 2.7% in the fourth quarter, …

Mcmillion Capital Management Inc. lifted its position in shares of Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) by 2.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,572 shares of the company's stock after buying an additional 2,989 shares during the quarter. Mcmillion Capital Management Inc. owned approximately 0.13% of Global X Robotics & Artificial Intelligence Thematic ETF worth $2,621,000 at the end of the most recent quarter. Several other large investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new stake in Global X Robotics & Artificial Intelligence Thematic ETF in the 2nd quarter valued at about $2,488,000.

Artificial intelligence stocks remain hot -- although perhaps not as hot as they were just a few weeks ago. A number of AI stocks have taken a big hit in the recent market sell-off. The use of artificial intelligence is only going to increase, providing strong growth opportunities for companies exposed to the trend. And the indiscriminate selling in tech, in particular, has left several AI stocks at more reasonable valuations. These five Artificial Intelligence stocks all look like potential opportunities to buy on the dip.