AI Industry Updates

The ARTI ETF has continued to shine in the tech sector, driven by significant advancements and strategic initiatives from its key holdings. Over the past month, the ETF has been buoyed by developments in companies like NVIDIAApple, and Microsoft, which have reinforced its focus on artificial intelligence (AI) and technological innovation.

NVIDIA has been at the forefront of AI advancements, with its CEO, Jensen Huang, emphasizing the role of AI in achieving decarbonization. He highlighted that AI could potentially double the efficiency of data centers by 2030, underscoring NVIDIA’s commitment to sustainable technology solutions. Additionally, NVIDIA is preparing to release its next-generation AI chip series, Blackwell, which promises to deliver 2.5 times the performance of its predecessor for AI training per chip. This development is expected to further solidify NVIDIA’s position as a leader in AI technology.

Apple has also made significant strides, particularly with the launch of its iPhone 16 series. Despite some initial criticism, the iPhone 16 has seen a 15-20% increase in sales compared to its predecessor, the iPhone 15, on its inaugural day in India. This surge in sales is a testament to Apple’s strategic focus on expanding its manufacturing footprint outside of China, with the iPhone 16 being assembled in India for the first time. Furthermore, Apple’s commitment to enhancing its product offerings is evident in its plans to introduce advanced health-monitoring features in its upcoming AirPods Pro 3, which will include capabilities to detect heart conditions.

Microsoft has been actively expanding its AI capabilities and sustainability initiatives. The company is set to reopen the Three Mile Island nuclear plant by 2028, a move aimed at powering its data centers with carbon-free energy. This initiative aligns with Microsoft’s goal to be carbon-negative by 2030 and highlights its commitment to sustainable energy solutions. Microsoft announced a $60 billion share buyback program and increased its quarterly dividend, reflecting confidence in its financial stability. Additionally, Microsoft also announced a $2.7 billion investment in Brazil to enhance cloud infrastructure and AI, aiming to boost Brazil’s economic growth and train millions in AI technologies.

September Earnings Summary:

Adobe reported Q3 revenue of $5.41 billion, an 11% year-over-year growth, with earnings per share at $3.76, reflecting 23% year-over-year growth. This performance underscores Adobe’s strong execution across its Creative Cloud, Document Cloud, and Experience Cloud segments, highlighting the company’s successful innovation agenda and its ability to deliver value to customers. Adobe’s Document Cloud achieved $807 million in revenue, growing 18% year-over-year, with a record $163 million of net new Document Cloud annual recurring revenue added in Q3. Creative Cloud revenue reached $3.19 billion, growing 11% year-over-year in constant currency, with net new Creative Cloud annual recurring revenue of $341 million.

BlackBerry‘s IOT division reported a revenue of $55 million, marking a 12% year-over-year growth and 4% sequential growth, surpassing the top end of the guidance range. This growth is attributed to strong royalty revenue and a number of new design wins, including significant automotive ADAS wins in Japan and a follow-on win with Hyundai Mobis. The cybersecurity division achieved a revenue of $87 million, exceeding the top end of the guidance range and representing a 10% year-over-year growth. BlackBerry has significantly reduced operating expenses to $99 million, which is 24% lower than the previous year.

Other Holdings Developments:

Intel: Intel is facing financial challenges, with a potential delisting from the Dow Jones Industrial Average due to poor performance and significant layoffs. The company is also considering selling its stake in Mobileye as part of a broader strategy to streamline operations.

Amazon: Amazon announced a £8 billion investment in the UK to expand its data center infrastructure, expected to create thousands of jobs. The company is also involved in a legal battle with the US National Labor Relations Board over union election interference.

Google: Google is facing an antitrust lawsuit from the US Department of Justice, alleging that it keeps up to 36% of every ad sale it brokers. The company also announced plans to expand its investment footprint in Pakistan, focusing on youth skills development.

Meta Platforms: Meta Platforms banned Russian state media outlets from its social platforms following US sanctions. The company also introduced special “Teen Accounts” on Instagram to enhance privacy and parental controls.

Broadcom: Broadcom reported a 3.33% earnings surprise in Q3, surpassing revenue estimates and reflecting strong financial performance. The company also launched the Sian 2 DSP for high-performance AI data centers.

AMD: AMD announced a shift in its gaming GPU strategy to focus on mainstream and mid-range products, aiming for a 40-50% market share. The company also released a new BIOS update for Ryzen 9000 CPUs, improving performance via latency reduction.

Tesla: Tesla’s AI startup, xAI, launched Colossus, the world’s largest Nvidia GPU supercomputer, designed to train its large language model Grok. This project is expected to significantly boost Tesla’s profits.

The ARTI ETF‘s strategic focus on AI and technological innovation across its key holdings underscores its potential to capitalize on emerging market trends and deliver robust returns. The strategic advancements and partnerships within its portfolio highlight the ETF’s resilience and growth prospects in the evolving tech landscape.

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 info@evolveetfs.com.

The contents of this blog are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed. These contents are not an offer or solicitation of an offer or a recommendation to buy or sell any securities or financial instrument, nor shall it be deemed to provide investment, tax or accounting advice. The information contained herein is intended for informational purposes only.
Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded funds (ETFs). Please read the prospectus before investing. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to the ETF. Investors may incur customary brokerage commissions in buying or selling ETF units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.
Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.
All rights reserved. “Boosted.ai”, “Boosted”, “Gradient Boosted Investments” and other trademarks related to the Boosted.ai Artificial Intelligence Index (the “Index”) are trademarks of Gradient Boosted Investments Inc. d/b/a Boosted.ai (which together its affiliates are referred to as the “Corporations”) and are used by Evolve Funds Group Inc. under license. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). Boosted.ai does not make any claim, prediction, warranty or representation whatsoever, express or implied, either as to the results to be obtained from the use of the Index or the fitness or suitability of the Index for any particular purpose. Boosted.ai does not provide investment advice and nothing in this document should be taken as constituting financial or investment advice.

Tags Adobe  AI  Apple  arti  arti etf  blackberry  micron  Microsoft  nvidia