AI development is accelerating — with some scientists suggesting machines will be more intelligent than the smartest humans within the next few years.

Investors can own a slice of top artificial intelligence companies like Tesla, Nvidia, and Alphabet with this Ark Invest exchange-traded fund.

One of the more tightly specialized artificial intelligence (AI) stocks on the market had quite a memorable Wednesday. On news that it is bulking up with an acquisition, investors piled into Powerfleet ( AIOT 7.

Plenty of AI stocks trade down from their recent peaks, and the Nasdaq Composite, the tech-heavy index, hit an intraday peak on July 11. The index is down 5.5% from that peak after a recent recovery. Similarly, the VanEck Semiconductor ETF, which is led by the chip stocks that are key in the AI rally, is down 18% from its peak on the same day.