CHAT Roundhill Generative AI & Technology ETF - A Tactical Bet On AI Stocks
πππArtificial Intelligence or AI is the current buzz word in the stock markets. There are so many great Tech stocks in this space that we are spoilt for choice. What if we can own these fabulous stocks in just 1 ETF! Introducing $ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF(CHAT)$ . CHAT is the world's first Generative AI ETF.
Generative AI will be one of the most impactful technological innovations of the coming decades, driving productivity growth across the global economy.
The Top 10 holdings include $NVIDIA Corp(NVDA)$
Not in the Top 10, but in the ETF are - Super Micro Computer, Tencent Holdings, Alibaba, TSMC, Broadcom, $Palantir Technologies Inc.(PLTR)$
The Top 10 weightage is 51%. Total number of holdings is 48. The expense ratio is 0.75% as it is an actively managed ETF. Assets Under Management is USD 132 million. The Inception date is May 18 2023. Distributions are to be paid annually. CHAT will go ex distribution on December 30 2024.
Performance wise, CHAT is up 0.59% today. It has risen 18.5% year todate. In 2023, CHAT is up 38%.
According to Tipranks, Wall Street Analysts are bullish on CHAT with a Buy rating, Average Target price is USD 40.09, an upside potential of 14%.
Why Invest in CHAT ETF?
The Total Addressable Market for Generative AI Enterprise Software is expected to reach USD 121 billion by 2033. AI Technologies are set to drive around USD 7 Trilion in global economic growth by 2032. There is rapid adoption of Generative AI with OpenAI's ChatGPT becoming one of the Fastest applications of all time to surpass 100 million users according to Goldman Sachs Global Investment Research.
I like CHAT ETF as it is low cost, well diversified and minimises my risk on investing in single stocks. I do not have to choose which AI Stocks to invest in as they are all nicely packaged into 1 ETF. Generative AI is still at its nascent stage and is set to grow by leaps and bounds well into the distant future. CHAT ETF is my tactical bet on AI.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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