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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.
AI is everywhere in the product. But revenue growth is decelerating, from 16% to 13% to 12% guided. The productivity benefits are arriving for users and end-consumers of AI, though it's not hitting the income statement (at least yet) for most companies.
During the first quarter of 2026, the Financials and Industrials sectors contributed to relative performance while Consumer Discretionary and Energy were among sectors that detracted from relative performance. Western Digital has structurally shifted toward cloud customers as consumer exposure has declined, with cloud representing the majority of Western Digital's revenue. Nebius Group announced a landmark multi-year infrastructure agreement with a major AI hyperscaler, significantly expanding its contracted backlog and validating its platform at scale.
SEC filings for ALAI aren't indexed yet (common for recently launched funds). Browse the issuer's filings on SEC EDGAR directly.