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Intelligent Alpha
The AI Average



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The AI Average tracks 30 blue chip AI companies listed on US exchanges with a market cap over $5 billion. The company’s core product offering must also involve at least one of the following: - AI compute or networking e.g., GPUs, chip fabrication, cloud services, switches, etc. - Generative AI or a large language model for chat - Some proprietary AI model or deployment - AI-focused data management tools and services - Self-driving or other machine automation technology The AIAI is equal weighted across the selection set and rebalanced quarterly. Changes to the selection set can be made at any time if/when constituents no longer meet the above criteria.

  • TickerDAIAI
  • Inception Date07/07/2023
  • WeightingEqual
  • # of holdings30
What's inside?


All holdings as of December 8, 2023
CSV download
Elastic NV (ESTC)4.40%$11.538B17.48%73.92%6.09x
CrowdStrike Holdings, Inc. (CRWD)4.36%$55.211B35.31%75.06%14.31x
Fair Isaac Corp. (FICO)3.78%$28.035B11.75%78.68%15.67x
Advanced Micro Devices, Inc. (AMD)3.77%$208.270B4.22%39.60%7.44x
Palo Alto Networks, Inc. (PANW)3.69%$94.092B20.13%74.83%11.56x
Arista Networks, Inc. (ANET)3.60%$69.696B28.27%62.43%9.65x
ServiceNow, Inc. (NOW)3.58%$143.311B24.96%78.32%13.39x
Synopsys, Inc. (SNPS)3.52%$81.506B25.26%80.47%12.27x
Snowflake, Inc. (SNOW)3.49%$62.788B31.80%67.23%17.00x
Salesforce, Inc. (CRM)3.47%$242.784B11.27%67.20%5.86x
Palantir Technologies, Inc. (PLTR)3.44%$36.774B16.80%80.66%16.11x
Adobe, Inc. (ADBE)3.43%$277.738B11.56%87.27%13.58x
Microsoft Corp. (MSFT)3.37%$2.781T12.76%71.16%10.62x
Taiwan Semiconductor Manufacturing Co., Ltd. (TSM)3.35%$470.370B-14.46%52.72%6.23x
RELX Plc (REL)3.34%$73.383B18.07%60.96%5.91x
Apple, Inc. (AAPL)3.33%$3.044T-0.72%45.17%7.16x
Cadence Design Systems, Inc. (CDNS)3.30%$70.717B13.36%88.84%16.17x
Meta Platforms, Inc. (META)3.29%$738.574B23.21%81.85%6.05x
NVIDIA Corp. (NVDA)3.22%$1.173T205.51%73.95%22.35x
Mobileye Global, Inc. (MBLY)3.17%$3.806B17.78%48.11%16.08x
MongoDB, Inc. (MDB)3.13%$27.557B29.77%74.63%15.11x
Smartsheet, Inc. (SMAR)3.12%$5.967B23.22%80.87%5.29x, Inc. (AMZN)3.12%$1.523T12.57%47.57%2.58x
Oracle Corp. (ORCL)2.98%$311.221B8.81%64.88%8.19x
Alphabet, Inc. (GOOG)2.94%$1.581T12.04%56.70%5.34x
HubSpot, Inc. (HUBS)2.92%$25.268B25.59%84.30%11.58x
Marvell Technology, Inc. (MRVL)2.89%$45.715B-7.72%38.86%8.14x
GLOBALFOUNDRIES, Inc. (GFS)2.69%$28.757B-10.70%28.56%4.22x
Unity Software, Inc. (U)2.68%$12.427B68.55%72.19%6.71x
Tesla, Inc. (TSLA)2.64%$775.148B8.84%17.89%8.93x
Market data by FactSet

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