Global X Artificial Intelligence & Technology ETF (AIQ)

Is not a pure AI play (also holds semiconductors). The basket is global. Likes it.

Likes it. Is pretty broad, and these types of ETFs basically hold some Nvidia, infrastructure (the build-out of cloud), and energy (that AI needs).

This ETF is the one he's been talking about for years as the broadest way for most investors to play the sector. Every time there's a big pullback, just jump in. Trying to pick the 1 or 2 companies that are going to be the AMZN, and not the Nortel, is too hard unless you have the time and skills to do an in-depth analysis. He's always been an advocate of playing long-term themes by using ETFs.

When you're choosing an ETF, make sure it's not using AI to make its stock picks. That's a whole different thing.

70% in US. Some of top names:  NOW, BABA, ORCL, CSCO. A bit different from your normal AI ETFs. Tech names in general are a bit expensive at this stage of the cycle. Trades at almost 4x price to sales, and almost 41x PE. He'd rather be selective in the space. Still, a small portion can make sense. 

MER is ~68 bps. Seems to be equal weight, rather than market-cap weighted.

It holds tech companies linked to AI, like ServiceNow or Microsoft and cybersecurity, and not just Nvidia.

A new ETF. When he approaches AI, it's like autonomous driving. He can either pick the OEM, or go after the picks and shovels. It's all about data. We now have tremendous amounts of data, and AI is applying machine learning and deep learning into that to make interpretations. The big thing about AI these days is that there's enough data and power processing, you can put in a number of words and AI will predict the next words. They can do this because there's so much more data and the processing is so much faster. The ETF is the chicken way out. Instead, go after the picks and shovels: the data aggregators like DDOG, power processing like NVDA, or the network side like AVGO or CSCO.