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Under typical conditions, this fund allocates at least 80% of its capital—derived from its net assets and any borrowed funds used for investment—to stocks. These equity holdings are in companies, regardless of their market valuation, that are primarily engaged in the creation, adoption, and practical utilization of artificial intelligence (AI) technologies. The fund's management specifically identifies these companies for their perceived strong potential for future expansion. It is also important to note that this fund is categorized as non-diversified.
Is ALAI's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
AI spending is expected to hit $2.7 trillion in 2026 as adoption accelerates. Explore four AI ETFs with year-to-date gains of up to 58.3%.
AI spending is expected to hit $2.7 trillion in 2026 as adoption accelerates. Explore four AI ETFs with year-to-date gains of up to 58.3%.
Anthropic's preliminary second-quarter results reignited enthusiasm across the artificial intelligence sector, lifting semiconductor stocks 1% on Monday despite broader tech sector declines. Q2 revenue topped $11.5 billion — a 14x surge year-over-year and more than 2x last quarter's figures.
Alger AI Enablers and Adopters ETF (NYSEARCA:ALAI - Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 25,732 shares, a decrease of 36.0% from the July 15th total of 40,221 shares. Approximately 0.2% of the company's shares are short sold.
Alger AI Enablers & Adopters ETF is positioned to benefit from the shift toward AI usage and operational efficiency. AI cloud infrastructure spending is projected to reach $42B in 2026, with inference surpassing training for the first time — signaling real-world adoption.