The Themes Generative Artificial Intelligence ETF (WISE), which holds a mix of AI-related stocks including hardware giants and startups, has underperformed Nvidia significantly in 2026. Nvidia and AMD, key players in AI infrastructure, are driving most of the economic gains, while many smaller AI software companies in the fund remain unprofitable and drag down returns. WISE’s equal-weight approach limits exposure to these top performers, resulting in lower returns compared to direct investments in hyperscaler hardware stocks. For investors focused on AI, owning leading hardware companies directly and using broader tech ETFs may be a better strategy than buying thematic AI funds like WISE, which also face risks from small assets under management and potential closure.
The Invesco PHLX Semiconductor ETF (SOXQ) has returned 49% year-to-date and 125% over the past year by focusing on semiconductor companies that supply hardware for AI and hyperscaler data centers. The fund avoids software vendors and infrastructure r...
CoreWeave has raised over $20 billion in 2026 through loans and investments, including a $3.1 billion GPU-backed loan tied to major customer contracts. This financing reflects growing confidence in GPUs as critical infrastructure for AI workloads. De...
Nebius Group CEO Arkady Volozh highlighted how even a few percentage points increase in borrowing costs could severely impact the economics of AI infrastructure buildout. Despite strong Q1 revenue growth of 279.6% year-over-year, Nebius missed revenu...
The Invesco S&P 500 Momentum ETF (SPMO) has consistently outperformed the S&P 500 by owning the top 100 momentum stocks from the index, rebalancing twice a year. Over the past decade, it returned 457% compared to the S&P 500's 262%, while also managi...
US export controls on Nvidia’s AI chips aimed to slow China’s tech progress but instead accelerated China’s push for semiconductor independence. China’s self-sufficiency in AI chips rose to 41% in 2024 and is expected to reach 85% by 2028, reducing r...
