ALPS Disruptive Technologies ETF

DTEC

Market cap $70M

Three ALPS ETFs each gained more than 10% in May as investors shifted money into technology and away from traditional energy. Key Takeaways: ACES gained 19.4% last month and is up 72.5% over the past year, while the energy sector fell 5.31% for the week ended May 29.

Equities extend gains as earnings and semiconductors lead markets higher. Consumer confidence remains subdued despite economic resilience.

The broad AI boom is giving way to targeted applications in warehouse robotics, cybersecurity and domain-specific models, creating opportunities for funds like the ALPS Disruptive Technologies ETF (DTEC), according to Gartner's latest technology forecast.

The Nasdaq is down well over 3% as of this writing, with AI hardware names driving the declines. The main AI infrastructure stock, Nvidia, is down roughly 20% over the last two trading days, which equates to a drop of nearly $700 billion in market cap.

This year it felt as though AI was the megatrend that captured all the headlines while investors glossed over some of the others. That doesn't diminish the importance of other megatrends.

"Disruptive technology" is on the rise lately. These technologies cover the field of Artificial Intelligence, Machine Learning, Blockchain Technology, the Internet of Things, Renewable Energy Technologies, 3D Printing, Cybersecurity, Quantum Computing, and others.

ALPS Disruptive Technologies ETF (DTEC) invests in companies at the forefront of technological revolution and innovation. DTEC has a diversified portfolio with global exposure, offering a mix of categories including robotics, AI, and clean energy. DTEC outperformed ARK Innovation ETF but underperformed Global X Robotics & Artificial Intelligence ETF due to its more diversified approach.

Currently, the tech landscape is undergoing a seismic shift, driven by a new breed of game-changing stocks. These disruptive innovators are leveraging cutting-edge technologies to transform how we live, work and play, fundamentally reshaping entire industries.

The AI revolution, with its expansion into neural networks and other novel fields, marks a dramatic shift away from traditional innovation models. ChatGPT and other platforms have made remarkable strides, with their undeniable conversational prowess.

During 2023, the higher rate environment was a source of competition for the equity income category.