AI ETFs performance in August

AI ETFs, which were strong performers in the first half of the year, experienced a decline in August. This can be attributed to factors such as strong interest rates impacting the markets and investors taking a second look. However, it is important to note that the decline is not solely due to artificial intelligence, as these ETFs also have holdings in industrials. Industrial companies, such as Intuitive Surgical and Dynatrace, contribute to enhancing efficiency and automation for other companies, making them a crucial component of AI-focused ETFs.