WisdomTree Cloud Computing Fund

WCLD

Market cap $295M

AI momentum, defensive investing and elevated energy prices are pushing several ETF areas to fresh 52-week highs in 2026.

In a reversal from the SaaS-pocalypse, software is finding strength while AI memory names like Micron (MU) and SanDisk (SNDK) are selling off. Kevin Hincks explains how this all plays into the big picture for tech as Nvidia (NVDA) readies to report earnings Wednesday.

Enterprise software—large-scale tools designed for organizations and business clients—is experiencing a slump as providers and customers alike navigate the shifting AI landscape, the inertia baked into existing systems, and uncertainty about the future of software-as-a-service (SaaS) companies. This is reflected in the declines in the share prices of major providers like ServiceNow NYSE: NOW and IBM Corp. NYSE: IBM this year.

Launched on 09/06/2019, the WisdomTree Cloud Computing ETF (WCLD) is a smart beta exchange traded fund offering broad exposure to the Technology ETFs category of the market.

Enterprise digital transformation remains the primary driver of demand for public and hybrid cloud services.

Bitcoin's relative strength on Friday may offer a bullish clue for battered software shares — that is, if a past relationship still holds.

The WisdomTree Cloud Computing ETF (WCLD) was launched on September 6, 2019, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Cloud Computing segment of the equity market.

The 2026 'SaaS-pocalypse' triggered indiscriminate selloffs, but Intuit, Salesforce, Microsoft, Adobe, and Zeta Global present compelling recovery opportunities. AI disruption fears are overstated; Intuit, Zeta Global Holdings, and Microsoft leverage proprietary data moats, while Salesforce and Adobe adapt with hybrid and agentic models. INTU, CRM, and ZETA reported strong revenue growth, robust user metrics, and strategic AI integration, contradicting the market's pessimism.

Iran war volatility lifts oil and rattles stocks. But tech ETFs, powered by AI, cloud and cybersecurity demand, are emerging as surprising defensive plays.

Cloud ETFs are outperforming despite market jitters from Iran tensions, as AI-driven demand and strong earnings from key players lift the sector.