Quick Read – Themes Generative Artificial Intelligence ETF (WISE) is down 4% year-to-date and up 14.6% over one year, significantly underperforming NVIDIA (NVDA), which is up 18% YTD and 62% over one year, because equal-weighting the index forces exposure to unprofitable…
ftware names like BigBear.AI and Gorilla Technology that dilute returns from mega-cap profit engines like NVIDIA and AMD (AMD). – The economics of AI have concentrated in hyperscaler infrastructure spending and capex beneficiaries like NVIDIA and AMD, rendering broad exposure across the full AI value chain via quasi-equal-weighting inefficient for investors with hardware conviction. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Themes ETF Trust Themes Generative Artificial Intelligence ETF wasn’t one of them
Get them here FREE. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Themes ETF Trust Themes Generative Artificial Intelligence ETF wasn’t one of them. Get them here FREE. Walk through a typical retail brokerage account in 2026 and the AI sleeve looks like a teenager’s bedroom.
A little NVIDIA (NASDAQ:NVDA), a little Palantir (NASDAQ:PLTR), a few “AI-adjacent” small caps somebody mentioned on a podcast, maybe a thematic fund bought because the ticker sounded clever. The Themes Generative Artificial Intelligence ETF (NASDAQ:WISE) is the cleanest case study of why that approach has quietly stopped working. WISE owns the right concept, companies whose revenue ties to generative AI, but the index blends mega-cap profit engines with money-losing startups, and the math of that blend is what an honest portfolio-fit conversation has to start with.