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A potential AI slowdown could shift investor focus from capital-intensive chipmakers toward software, cybersecurity and established tech platforms.
Launched on June 23, 2005, the Invesco Next Gen Media and Gaming ETF (GGME) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Media segment of the equity market.
Nvidia (NVDA) reports earnings after the bell today, sparking widespread anticipation across global equity markets. While core semiconductor components are already moving on the news — with Advanced Micro Devices (AMD) and Intel (INTC) seeing early trading volume — the traditional route of pure-play semiconductor ETFs exposes financial advisors to intense single-stock concentration risk.
Invesco Next Gen Media and Gaming ETF invests in global public equity markets, focusing on the media, entertainment, and communication services sectors. The fund tracks the STOXX World AC NexGen Media Index using a full replication technique, investing at least 90% of its assets in index securities. It includes growth and value stocks across diversified market capitalizations, aiming to capture future media technologies and products.
You have probably seen This or That games across social media. This is a just-for-fun version for ETF fans that covers some of the biggest themes among equity ETFs.
Netflix (NFLX) topped both earnings and revenue estimates and delivered its strongest first-quarter customer additions since the pandemic. However, it issued disappointing second-quarter revenue guidance, which dragged the stock down.
Netflix has risen about 26% over the past three months and has a reasonable chance to beat earnings estimates.
Given the bullishness, many ETFs, having a solid Zacks ETF Rank #1 (Strong Buy) or 2 (Buy), touched new 52-week high and are expected to soar further.
SEC filings for GGME aren't indexed yet (common for recently launched funds). Browse the issuer's filings on SEC EDGAR directly.