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, +26.85%, Microsoft Corp. MSFT, +3.72% and Google parent Alphabet Inc. GOOGL, +2.34%, 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, +10.35% and Adobe Inc. ADBE, +7.67% as of May 24, according to data on the website of Roundhill Investments.
Meanwhile, the Global X Robotics & Artificial Intelligence ETF BOTZ, +2.95% 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, -0.15% falling 0.4% while the S&P 500 SPX, +0.93% rose 0.7% and the technology-heavy Nasdaq Composite NVDA, +26.85% gained 1.7%, according to FactSet data, at last check.
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