Hi Paul, ARCI I covered here and thought quite a number of holdings very tenuous to being a Robotics ETF. A software and AI ETF would be more accurate. The article is here:
It's a pity as I admire Cathie Wood and was excited when Ark bought Rize. But a year or so on and I don't own a single Rize ETF despite considering them.
Hi Paul on NVDA I think it was a rebalancing. The methodology (from memory) is twice a year rebalance according to market cap, subject to some thresholds on profitability - so the sell down is more accurately a rebalance.
Industrial is certainly more here and now but once the Service aspect becomes a "thing" then it's my belief this will drive a re-rate across robotics stocks. They will be memes of tomorrow perhaps.
Apart from the Tesla Investor day with its Optimuses this is off most people's radars I think.
So you looked at RBTX, ARCI and BOTG. What made ARC1 drop off a cliff?
Seems odd that RBTX and BOTG performance similar even with different holdings.
I've seen it argued that AMZN is essentially a robotics play. Glad to see your excellent article mention Amazon.
Odd that NVDIA was reduced if it is so fundamental to robotics. Would like to know the thinking behind that.
Like the industrial uses more I think. Seems less risky.
Hi Paul, ARCI I covered here and thought quite a number of holdings very tenuous to being a Robotics ETF. A software and AI ETF would be more accurate. The article is here:
https://theoakbloke.substack.com/p/part-2-of-3-considering-arci
It's a pity as I admire Cathie Wood and was excited when Ark bought Rize. But a year or so on and I don't own a single Rize ETF despite considering them.
OB
Hi Paul on NVDA I think it was a rebalancing. The methodology (from memory) is twice a year rebalance according to market cap, subject to some thresholds on profitability - so the sell down is more accurately a rebalance.
Industrial is certainly more here and now but once the Service aspect becomes a "thing" then it's my belief this will drive a re-rate across robotics stocks. They will be memes of tomorrow perhaps.
Apart from the Tesla Investor day with its Optimuses this is off most people's radars I think.
OB