Global X Artificial Intelligence & Technology ETF

AIQ

Market cap $9.73B

Your feed is full of Arista Networks screenshots. Green candles, giddy captions, someone's cousin bragging about a 40% run.

The VanEck Semiconductor ETF (SMH) provides exposure to a sector that's driving the infrastructure build-out. The Global X Artificial Intelligence & Technology ETF (AIQ) offers more diversified exposure beyond core chip stocks.

The Russell 2000 has now lagged the broader market for many years. Small-cap stocks tend to perform well during periods of lower interest rates and economic expansion.

Things are certainly changing over at Wedbush headquarters. On Wednesday, July 1, Wedbush announced that Dan Ives — the firm's Global Head of Technology Research — has left the company to begin a new venture.

Indications are that Meta admitted to having an excess compute capacity, and this is the first hyperscaler to admit so, with more likely to follow. The implications are a reduced or stalled AI capex, and thus, the AI infrastructure bubble burst.

In less than a year's time, memory stocks have gone from just another way to play the AI trade to arguably its biggest beneficiaries from a return perspective. Micron, Samsung, and SK hynix now rank among the world's top 20 most valuable stocks, each with market capitalizations well above $1 trillion.

The Commerce Department's $2 billion in planned CHIPS R&D funding for nine quantum companies, announced in May, gave the quantum computing trade something it lacked for a decade: a federal balance sheet behind it.

While artificial intelligence and semiconductor stocks have dominated market headlines this year, two of the best-performing U.S.-listed ETFs over the past month made their gains by betting against one of Wall Street's biggest momentum names: Strategy Inc. (NASDAQ:MSTR).

SK Hynix surges after unveiling a $29.4 billion Nasdaq listing. See three tech ETFs with top exposure ahead of its July 10 US debut.

Wall Street's AI trade is expanding beyond the Mag-7. Discover emergent players and the ETFs best positioned to benefit.