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This AI-Powered ETF Sold Tesla Stock at Its Peak. It Says Shares Are a Buy Now.
As Tesla stock went through some roller-coaster rides this year, even high-profile investors like ARK Invest’s Cathie Wood cannot avoid getting burned. But one tiny ETF run by an artificial intelligence stock-picking algorithm has been able to make a few successful trades in and out of the stock over the past year, cashing in during troughs and offloading shortly before drops.
The $27 million QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) was launched in 2019 by Qraft Technologies, a startup asset manager based in South…