Recent developments in artificial intelligence (AI) have captured the attention of investors and the media alike, drawing comparisons to other major disruptive technologies, such as the Internet or the smart phone. Below, we discuss some of the underlying factors that have contributed to the growing excitement surrounding AI, highlighting a few specific use cases. We also explore some of the trends impacting robotics, AI’s physical counterpart. In our view, the First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) and the First Trust Nasdaq-100-Technology Sector Index Fund (QTEC) are two compelling options for gaining exposure to these emerging trends.
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