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An AI-focused ETF from a hedge fund vet gains attention by soaring 60%

The Spear Alpha ETF (SPRX) is concentrated in about 26 holdings and almost everything in the portfolio is seen benefiting somehow from artificial intelligence.

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Nvidia Bet Fuels Spear Alpha: ETF Soars 60%, Surpasses ARKK

managed by Ivana Delevska, has reported significant growth. In the past 12 months, the fund’s value increased by more than 60%. This performance surpasses…

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Technical Analysis: Spear Alpha ETF Consolidation Signals Next Break Ahead As Nvidia Trades Near All-Time Highs - Spear Alpha ETF (NASDAQ:SPRX)

Spear Alpha ETF (NASDAQ: SPRX) was trading flat on Wednesday, continuing to trade sideways within a tight range between about $22.60 and $24.50 on decreasing volume.

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Analysis:Wall Street hunts for more AI gold after Nvidia's soaring rally

Analysis:Wall Street hunts for more AI gold after Nvidia's soaring rally
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Analysis-Wall Street hunts for more AI gold after Nvidia's soaring rally

Money managers are scrambling to cash in on the stock market’s interest in artificial intelligence, as a stunning rally by Nvidia sparks a search for other companies that are capitalizing on the technology. Shares of Nvidia - whose chips are the gold standard in the AI industry - are up about 60% this year after tripling in 2023. “It's not a fad," said Francisco Bido, senior portfolio manager for F/m Investments' Large Cap Focused Fund.

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Wall Street hunts for more AI gold after Nvidia's soaring rally

Money managers are
scrambling to cash in on the stock market’s interest in
artificial intelligence, as a stunning rally by Nvidia
sparks a search for other companies that are capitalizing on...

Taiwan , New-york , United-states , Zehrid-osmani , Matthew-lewis , Francisco-bido , A-morgan-stanley , Lewis-krauskopf , Ivana-delevska , Ira-iosebashvili , David-randall , Micron-technology