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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
What's inside?


All holdings as of February 29, 2024
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Super Micro Computer, Inc. (SMCI)9.85%$48.44B103.25%15.40%1.75
NVIDIA Corp. (NVDA)5.52%$1.98T125.85%72.72%24.74
Vertiv Holdings Co. (VRT)4.84%$25.83B20.59%32.33%3.04
Advanced Micro Devices, Inc. (AMD)4.72%$311.09B-3.90%37.88%10.44
Taiwan Semiconductor Manufacturing Co., Ltd. (TSM)4.30%$565.94B-8.67%54.36%7.43
ASML Holding NV (ASML)4.25%$372.56B30.16%50.21%9.67
Applied Materials, Inc. (AMAT)4.25%$167.53B-0.18%47.76%5.23
Onto Innovation, Inc. (ONTO)4.16%$9.05B-18.83%45.65%8.41
Lam Research Corp. (LRCX)4.15%$123.01B-28.79%47.16%7.16
Marvell Technology, Inc. (MRVL)4.11%$61.95B-7.72%38.86%8.14
Arista Networks, Inc. (ANET)4.02%$86.77B33.75%61.95%11.90
Broadcom Inc. (AVGO)3.95%$608.81B7.88%65.05%10.70
Micron Technology, Inc. (MU)3.80%$100.03B15.69%-0.74%5.49
QUALCOMM, Inc. (QCOM)3.76%$176.09B4.99%56.60%4.55
Lattice Semiconductor Corp. (LSCC)3.75%$10.54B11.63%65.15%12.93
NXP Semiconductors NV (NXPI)3.68%$64.05B0.54%54.72%5.09
Teradyne, Inc. (TER)3.36%$15.86B-15.34%54.23%6.40
Cisco Systems, Inc. (CSCO)3.33%$195.86B-5.89%64.51%3.47
Intel Corp. (INTC)3.18%$182.02B-14.00%39.72%4.44
Amkor Technology, Inc. (AMKR)3.18%$7.63B-8.30%14.50%1.24
GLOBALFOUNDRIES, Inc. (GFS)3.17%$29.95B-8.83%28.42%4.42
Ambarella, Inc. (AMBA)2.97%$2.25B-32.92%61.78%8.31
Rambus, Inc. (RMBS)2.91%$6.39B1.39%69.13%15.56
Tesla, Inc. (TSLA)2.72%$642.95B18.80%18.25%8.75
Mobileye Global, Inc. (MBLY)2.07%$2.41B11.24%50.36%16.24
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