A perfect storm of factors may have led to an unusual selloff in the AI space in June, providing investors with a unique opportunity to buy in before growth resumes in earnest. Between expectations that the Fed would maintain or raise rates, unexpectedly soft semiconductor earnings and guidance, and a strong jobs report, investors suddenly found themselves reconsidering whether some of the more speculative plays in the AI space were worth the risk.
Those who remain cautious about the AI world—and not looking to make a specific bet on individual names at this stage—may find tech-focused exchange-traded funds (ETFs) a suitable choice given the selloff. However, the AI (and especially the tech sector) ETF space is considerably large, and identifying good targets from within this growing field can be a challenge. The funds below may be a good place to start a search.
