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OT - ROBO NVDA
OT - Bought a bit of ROBO and NVDA for my retirement acct -
altho I may just use them as a trade, as momentum seems to be
driving them strongly. Did a tad of research and there is at least
one other robotics/AI ETF symbol BOTZ. Is a somewhat interesting
take on the sector, with lower management fee, altho managment
fees, at less than 1%, are not terribly material. BOTZ has NVDA,
and ISRG, which I already own directly, and some of the other
companies are also components of ROBO. And has mirrored
ROBO's ascendance in the same time frame. I see the sector rather
like networking - in the end, applications will continue to
multiply. ROBO has had its large appreciation in the past 12 months
or so, and I haven't really looked at whether PEs are outrageously
inflated by expectations, rather than results. Although at least
some of the companies have been around for a long time.
In general, it's hard to make a bad pick in this market, given
the momentum that just won't quit. (At least, not yet.)
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