Global X Robotics & Artificial Intelligence ETF [BOTZ] Stock Forecast

On Monday, the S&P 500 Index notched a new closing low for 2022, presenting an attractive entry point for long-term investors. Advisors can enhance a portfolio with an allocation to a thematic ETF focused on innovations within the technology sector.

There's no doubt that robotics is going to experience unprecedented growth over the next decade as the world becomes more automated, but certain countries have been leading the charge towards that shift, such as Japan.

BOTZ is a concentrated niche investment vehicle providing exposure to the growth themes that are supposed to deeply reshape the global economy over the long term. The fund is managed passively, tracking the Indxx Global Robotics & Artificial Intelligence Thematic Index.

Nvidia (NVDA) missed earnings estimates and forecast a sharp drop in revenues for the current quarter due to a slowdown in PC and gaming sales.

According to our estimates for 2030, propelled by AI software, total IT spend could increase 20% at an annual rate and surpass $20 trillion, which is four times the ~$5 trillion consensus estimate. Anticipating more than a doubling in productivity, companies are likely to purchase AI software at a 75% discount to the boost in worker productivity.

With its exposure to high valuation IT and industrial stocks, BOTZ has suffered from considerable downside from the start of this year. Its exposure to NVIDIA has been particularly detrimental in terms of volatility.

Rising consumer prices amid rampant global inflation apparently didn't stop spending on robotics in North America. Sales were up 28% compared to the same quarter a year ago.

Nvidia is expected to come up with an earnings beat in its Q1 report.

Thematic ETFs invest in companies poised to benefit from long-term transformative changes that offer the opportunity for exponential growth. While self-directed investors have been driving the flows, these ETFs are gaining traction with advisors as well.

Let's take a look at some prominent technology areas that are worth buying the dips on expectations of favorable trends.

Global X Robotics & Artificial Intelligence ETF is a US stock and trading under the symbol BOTZ

Global X Robotics & Artificial Intelligence ETF stock price is $21.72 today.

Yes, Global X Robotics & Artificial Intelligence ETF is a publicly traded company.