AI ETF Refreshes Roster

Given its seemingly undaunted ascent to the $3 trillion market capitalization club, Nvidia (NVDA) is the stock that grabs the most artificial intelligence (AI) headlines. As a result, many investors looking to play AI via exchange traded funds often lean toward funds heavy on that one stock.

Thus far, that strategy has paid, but there are other opportunities among AI ETFs that could reward patient investors. Consider the WisdomTree Artificial Intelligence and Innovation Fund (WTAI). Home to nearly $270 million in assets under management, WTAI turns three years old in December.

Yes, Nvidia is WTAI’s largest holing, but at a weight of just over 3%. That’s one sign the WisdomTree ETF takes a broader approach to the expansive AI ecosystem. On a related note, the WisdomTree Artificial Intelligence & Innovation Index – WTAI’s underlying index – was recently rebalanced. That reconfiguration could position WTAI to capitalize on a broader set of AI-related opportunities.

New Look Could Benefit WTAI Investors

To be sure, WTAI’s rebalancing act didn’t result in drastic changes. Nor did it result in the ETF taking on positions in highly speculative stocks. The ETF’s roster is still heavily allocated to established, quality companies. Beyond Nvidia, top 10 holdings include Meta Platforms (META), Alphabet (GOOG) and Broadcom (AVGO), among others.