Generative AI is rapidly transforming technological innovation, fundamentally changing how companies operate and deliver their products and services. This wave of technological advancement is particularly evident in the recent enhancements and integrations across major platforms and tools widely used in the tech industry.

Stay up-to-date on the latest AI trends – here’s what’s new this week.

In the news this week:

  • Google’s major push into generative AI through its Google Cloud Next event, where it showcased the Gemini Large Language Model, aiming to significantly improve customer productivity and developer tools. This initiative highlights a strategic move to leverage generative AI for enhancing productivity across the board.
  • Adobe’s integration of AI tools from OpenAI, Pika Labs, and Runway into Premiere Pro represents a leap towards harnessing AI for creative processes, making tasks like video editing more efficient and intuitive. Adobe’s move to incorporate generative AI into document management, through the launch of the Acrobat AI Assistant, further underscores the growing influence of AI in streamlining complex document interactions.
  • Logitech’s integration of ChatGPT functionality into its devices opens new doors for user interaction with AI, making AI assistance more accessible right from keyboards and mice. This development signifies a broader industry trend towards embedding AI into everyday tech tools to enhance efficiency and innovation in product and service delivery.

The ongoing advancements in generative AI and its increasing integration into major tech platforms and tools mark a significant milestone in technological innovation. For our portfolio, heavily weighted towards industries and companies leading in AI adoption, this trend reinforces our investment strategy focusing on growth and innovation. As these technologies evolve, our portfolio is well-positioned to capitalize on the opportunities that generative AI presents, promising to enhance the value and performance of our investments in the tech sector.

ARTI Portfolio Highlights

Super Micro Computer, Inc.

Super Micro Computer, Inc. develops and manufactures high performance server and storage solutions based on modular and open architecture, including complete server, storage systems, modular blade servers, workstations, networking devices, server management software, and security software. The company’s growth is attributed to the increasing demand for its modular AI server rack scale solutions for data center applications, and it plans to bring a new facility online in Malaysia in the second half of fiscal 2024 to double its production capacity and support around $30 billion in annual revenue.
Super Micro Computer, Inc. has seen a significant spike in its stock price following an optimistic forecast by an analyst, suggesting the stock could reach $1,500. This bullish outlook was further supported by Loop Capital raising its price target on the company’s stock (04/16/24).

Apple Inc.

Apple Inc. provides cloud services and operates various platforms, including the App Store that allow customers to discover and download applications and digital content. The company has released a free and open-source framework for other AI developers to build on with Apple Silicon, indicating a strong focus on AI applications.
In the past week, Apple Inc. has seen significant news coverage focusing on two main areas: its position in the global smartphone market and its strategic business moves. Apple has lost its title as the world’s largest smartphone maker by volume to Samsung, with multiple reports highlighting a 10% drop in iPhone shipments in the first quarter of 2024 (04/15/24). However, the company is also making headlines for its strategic shift towards artificial intelligence (AI) technologies, which has led to a $112 billion surge in its stock value, and its decision to move half of its supply chain from China to India, a move that is expected to employ 500,000 people in India over the next three years.

NVIDIA Corporation

NVIDIA Corporation provides graphics, compute and networking solutions, including Data Center platforms and systems for AI, high-performance computing, and accelerated computing. NVIDIA’s products are used in gaming, professional visualization, datacenter, and automotive markets, and the company sells its products to a wide range of customers, including automotive manufacturers, mapping companies, start-ups, and other ecosystem participants.
Over the past week, Nvidia Corporation has been in the spotlight with multiple analysts expressing optimism about its stock, citing potential industry catalysts and the company’s position in the AI market. Notably, one Wall Street analyst predicted a 35% upside for Nvidia stock (04/16/24), while Evercore ISI initiated coverage, suggesting a positive outlook (04/17/24). However, the announcement by Meta and Google about developing in-house AI chips poses a new challenge for Nvidia, raising questions about its future in the highly competitive AI chip market (04/11/24).


Investing in Artificial Intelligence with ARTI ETF

Interested in using generative AI to identify the best artificial intelligence and artificial intelligence-related companies fundamentally changing our world today?

Evolve Artificial Intelligence Fund (ARTI) is Canada’s first Artificial Intelligence Fund that uses generative AI in portfolio construction. ARTI is designed to provide investors with exposure to global securities from AI companies deemed to benefit from the increased global adoption of AI.

For more information on ARTI or any of Evolve ETF’s lineup of exchange-traded funds, please visit our website or contact


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