(NEW YORK)—While recent market volatility has many talking about possible economic slowdown investors may want to focus their attention on AI and Automation tech firms as way to play any future recession.
In simple terms interest in automation accelerates during economic downturns as businesses seek to control costs, while improving productivity. We could see a wave of automation take root during the next economic downturn when technology-inspired restructuring in jobs tends to take place, and this could make the AI and Automation tech sector a place to watch.
Major corporations are gearing up for a surge in robotics-based technology over the next decade, and the U.S. needs to do the same.
The downside is that interest in automation tends to accelerate in times of recession; so, once the next economic downturn occurs office workers may lose their jobs and then have nothing to fall back on because the machines will have replaced the lower skilled jobs required to carry one over in tougher times.
The world of work has always known technological innovations and the rapid pace of this current transformation with new technologies, such as AI and robotics, is without precedent. We expect to see a surge in AI and Automation technology over the next few years, with an even greater emphasis during any economic slowdown, or worse recession.
HOW TO PLAY THE AI AUTOMATION SECTOR
First way to play this sector is with Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ), which is an ETF that tracks the Artificial Intelligence (A.I.) and Automation sector.
Nearly half of the stocks in BOTZ are composed of Japanese companies, followed by stocks in the U.S. and Switzerland. The top holdings of BOTZ include Intuitive Surgical (NASDAQ:ISRG), Mitsubishi Electric (OTCMKTS:MIELY), Nvidia (NASDAQ:NVDA), and Keyence (OTCMKTS:KYCCF) just to name a few.
Another way to play this sector is through Robo-Stox Global Robotics and Automation Index ETF (NYSE:ROBO), which tracks the global robotics and automation industry. The ETF is comprised of more than 80 rapidly developing companies spanning more than 14 countries.
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