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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

Index update scheduled for 2023-12-11: Onto Innovation Inc. (ONTO) will be added. Cognex Corp. (CGNX) will be removed.

What's inside?


All holdings as of December 8, 2023
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Amkor Technology, Inc. (AMKR)4.84%$7.068B-12.57%15.52%0.86x
Advanced Micro Devices, Inc. (AMD)4.76%$208.270B4.22%39.60%7.44x
Vertiv Holdings Co. (VRT)4.63%$17.981B17.66%33.40%2.56x
Arista Networks, Inc. (ANET)4.55%$69.696B28.27%62.43%9.65x
QUALCOMM, Inc. (QCOM)4.43%$147.996B-24.26%55.05%3.51x
Rambus, Inc. (RMBS)4.42%$7.044B-6.19%69.40%12.65x
Taiwan Semiconductor Manufacturing Co., Ltd. (TSM)4.26%$470.370B-14.46%52.72%6.23x
Intel Corp. (INTC)4.24%$180.023B-7.69%42.51%3.37x
Lam Research Corp. (LRCX)4.24%$92.672B-31.38%47.75%5.20x
ASML Holding NV (ASML)4.23%$280.047B15.48%51.87%8.21x
Broadcom Inc. (AVGO)4.18%$441.121B4.09%65.19%10.69x
Super Micro Computer, Inc. (SMCI)4.10%$15.142B14.45%16.69%2.07x
NXP Semiconductors NV (NXPI)4.10%$55.561B-0.32%55.15%4.53x
NVIDIA Corp. (NVDA)4.06%$1.173T205.51%73.95%22.35x
Micron Technology, Inc. (MU)4.03%$82.736B-39.64%-10.85%5.21x
Applied Materials, Inc. (AMAT)4.00%$123.573B0.22%47.14%4.13x
Mobileye Global, Inc. (MBLY)4.00%$3.806B17.78%48.11%16.08x
Ambarella, Inc. (AMBA)3.79%$2.306B-39.11%56.89%6.14x
Marvell Technology, Inc. (MRVL)3.64%$45.715B-7.72%38.86%8.14x
Teradyne, Inc. (TER)3.62%$14.109B-15.39%57.26%5.81x
GLOBALFOUNDRIES, Inc. (GFS)3.39%$28.757B-10.70%28.56%4.22x
Tesla, Inc. (TSLA)3.33%$775.148B8.84%17.89%8.93x
Cognex Corp. (CGNX)3.27%$6.553B-5.91%72.39%7.85x
Cisco Systems, Inc. (CSCO)3.26%$196.591B7.60%65.37%3.37x
Lattice Semiconductor Corp. (LSCC)2.64%$8.518B11.40%65.49%16.05x
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