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Indebta > Markets > AI-themed ETFs jump as Nvidia surges
Markets

AI-themed ETFs jump as Nvidia surges

News Room
Last updated: 2023/05/25 at 4:45 PM
By News Room
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2 Min Read
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Shares of exchange-traded funds that provide exposure to companies involved in artificial intelligence were rising sharply Thursday. 

The Roundhill Generative AI & Technology ETF
CHAT,
+3.31%,
whose top holdings recently included Nvidia Corp.
NVDA,
+24.37%,
Microsoft Corp.
MSFT,
+3.85%
and Google parent Alphabet Inc.
GOOGL,
+2.13%,
was up 3% Thursday afternoon, according to FactSet data, at last check. The top five holdings of the fund, which launched this month, also included Advanced Micro Devices Inc.
AMD,
+11.16%
and Adobe Inc.
ADBE,
+7.19%
as of May 24, according to data on the website of Roundhill Investments.

Meanwhile, the Global X Robotics & Artificial Intelligence ETF
BOTZ,
+3.02%
was climbing 2.7% Thursday afternoon, bringing its year-to-date gains to more than 30%, FactSet data show, at last check. The fund’s top holdings also include chip maker Nvidia, which was surging more than 25% Thursday afternoon.

The AI-focused ETFs were outperforming the broad U.S. stock market in Thursday afternoon trading, with the Dow Jones Industrial Average
DJIA,
-0.11%
falling 0.4% while the S&P 500
SPX,
+0.88%
rose 0.7% and the technology-heavy Nasdaq Composite
NVDA,
+24.37%
gained 1.7%, according to FactSet data, at last check.

Read the full article here

News Room May 25, 2023 May 25, 2023
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