Is This AI-Focused ETF a Millionaire Maker?
If you want exposure to artificial intelligence stocks, there are several ways to get it. There are Nasdaq ETFs, technology sector ETFs, and even Magnificent Seven ETFs that have quite a bit of assets invested in high-quality AI companies.
However, if you want a pure-play AI ETF and also want significant exposure to relatively smaller companies (not just the mega-cap tech stocks), one way to get it could be the Invesco AI and Next Gen Software ETF (NYSEMKT: IGPT). While it isn't the right ETF for everyone, it could be a great way to get AI exposure for many investors. Here's a rundown of what the ETF is, how much it costs, and other important things to keep in mind.
As the name implies, this is an ETF that invests in artificial intelligence stocks, as well as companies that produce innovative software products. It is an index fund, tracking the STOXX World AC NexGen Software Development Index.
Source Fool.com
Invesco Ltd. Stock
With 23 Buy predictions and not a single Sell prediction Invesco Ltd. is an absolute favorite of our community.
However, we have a potential of -4.09% for Invesco Ltd. as the target price of 27 € is below the current price of 28.15 €.
