Quick Read – Invesco AI and Next Gen Software ETF (IGPT) is up 64% year-to-date by tracking software developers embedding AI into products, while Roundhill Generative AI & Technology ETF (CHAT) has returned 272% since inception through active management of names like Microsoft…
d Alphabet, and iShares Future AI & Tech ETF (ARTY) holds $2.08B in net assets by blending hardware leaders like TSMC and Marvell with software plays like CoreWeave and Oracle. – The software layer of AI infrastructure has lagged semiconductor funds because enterprise budget reallocation toward AI-enabled software remains a “show me” story, but once IT spending shifts from infrastructure capex to software applications, these three funds stand to capture the second wave of AI gains that chip-heavy funds like SOXX have already priced in. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and iShares Future AI & Tech ETF didn’t make the cut. Grab the names FREE today
Most capital chasing the generative AI theme has flowed into chips. Semiconductor funds have absorbed the bulk of inflows, and the price action shows it: the iShares Semiconductor ETF (NASDAQ:SOXX) is up 87% year to date. The software layer, where applications, model providers, and enterprise platforms turn raw compute into recurring revenue, has trailed that narrative.
For investors looking specifically at that second wave, three ETFs stand out: Invesco AI and Next Gen Software ETF (NASDAQ:IGPT), Roundhill Generative AI & Technology ETF (NYSEARCA:CHAT), and iShares Future AI & Tech ETF (NYSEARCA:ARTY). Each fund routes investor capital into the software side of generative AI through a different mechanism. IGPT carries an explicit software mandate baked into its index, while CHAT is an actively managed, concentrated bet on the names building and selling generative AI products.