1 No-Brainer Artificial Intelligence (AI) ETF to Buy With $50 and Hold for the Long Term
The iShares A.I. Innovation and Tech Active ETF is highlighted as a potential long-term investment for those looking to capitalize on the AI boom. The fund focuses on semiconductor companies and major cloud providers that are central to AI infrastructure.
Why it matters
Provides retail investors with a specific vehicle for exposure to the rapidly growing artificial intelligence hardware and software sectors.
Some exchange-traded funds (ETFs) hold hundreds, or even thousands, of individual stocks. The iShares A.I. Innovation and Tech Active ETF ( BAI -0.47% ) holds just 49, because it only invests in select companies that are developing and deploying artificial intelligence (AI) technologies.
The ETF launched in October 2024. It has since delivered more than twice the return of the S&P 500 stock market index, thanks to blistering gains in some of its top holdings, which include semiconductor giants like Micron Technology and Nvidia . Investors can buy a single share in the ETF for under $50, and here's why it might be a great long-term addition to any diversified portfolio.
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