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Intelligent Alpha
AI Hardware Average


Index Performance




The AIHI tracks 25 AI hardware companies listed on US exchanges with a market cap over $2 billion. The company’s core product offering must also involve at least one of the following: - AI chip design or fabrication - Memory production - Networking hardware - Vision or sensing hardware - Other AI-related hardware or hardware services such as equipment, server production, or chip testing The AIAI is equal weighted across the selection set and rebalanced with input from AI quarterly. Changes to the selection set can be made at any time if/when constituents no longer meet the above criteria.

  • TickerAIHI
  • Inception Date07/07/2023
  • WeightingEqual
  • # of holdings25
What's inside?


All holdings as of May 17, 2024
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Dell Technologies, Inc. (DELL)5.18%$45.64B-12.84%23.24%0.94
Onto Innovation, Inc. (ONTO)4.73%$11.01B14.90%46.30%9.78
Vertiv Holdings Co. (VRT)4.61%$36.24B7.76%31.75%4.84
QUALCOMM, Inc. (QCOM)4.51%$216.35B1.23%56.27%5.32
NXP Semiconductors NV (NXPI)4.36%$68.45B0.16%55.31%5.37
Marvell Technology, Inc. (MRVL)4.25%$62.24B-6.96%41.64%11.24
Taiwan Semiconductor Manufacturing Co., Ltd. (TSM)4.23%$672.10B12.69%51.59%9.50
Micron Technology, Inc. (MU)4.18%$138.74B57.70%18.53%5.81
Arista Networks, Inc. (ANET)4.08%$100.24B16.28%63.73%14.36
GLOBALFOUNDRIES, Inc. (GFS)4.06%$29.97B-15.86%25.37%4.07
Broadcom Inc. (AVGO)4.04%$646.61B34.17%55.81%16.36
Tesla, Inc. (TSLA)4.01%$565.95B-8.69%17.35%6.29
Amkor Technology, Inc. (AMKR)4.01%$8.04B-7.21%14.77%1.21
Applied Materials, Inc. (AMAT)3.97%$176.22B0.45%47.44%6.35
Ciena Corp. (CIEN)3.83%$7.06B-1.78%42.10%1.77
NVIDIA Corp. (NVDA)3.80%$2.31T125.85%72.72%24.74
Ambarella, Inc. (AMBA)3.72%$2.01B-32.92%58.29%8.31
ASML Holding NV (ASML)3.69%$364.01B-21.59%50.98%13.43
Lam Research Corp. (LRCX)3.67%$119.24B-1.96%47.86%8.92
Rambus, Inc. (RMBS)3.67%$6.25B3.61%73.21%13.84
BE Semiconductor Industries NV (BESI)3.65%$11.83B9.68%64.70%19.41
Lattice Semiconductor Corp. (LSCC)3.62%$10.04B-23.60%61.84%15.52
Advanced Micro Devices, Inc. (AMD)3.59%$265.84B2.24%39.61%12.84
Mobileye Global, Inc. (MBLY)3.57%$2.71B-47.82%22.59%13.27
Intel Corp. (INTC)2.97%$135.50B8.61%41.00%4.04
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