An AI-powered ETF really likes these stocks. But why?
Artificial intelligence (AI) is being used to enable cars to drive themselves, detect cancer, improving search engines, and a lot more. Why not use it for picking stocks? That’s exactly what many organizations and individuals are doing. But most of them, understandably, keep those potential winning stock ideas to themselves.
There’s at least one way that you can find out what stocks an AI system would recommend, though. Equbot used IBM Watson, one of the most advanced AI systems around, to create the AI Powered Equity ETF (AIEQ). This exchange-traded fund analyzes thousands of U.S. companies every day to identify stocks that could potentially beat the market.