The strategy provides exposure to semiconductor, artificial intelligence (AI)-server and data infrastructure suppliers, led by Arista Networks, Marvell Technology and SK Hynix, among others.
PurePlay ETFs, a Michigan-based exchange-traded fund (ETF) sponsor, has launched its inaugural product, the PurePlay Nvidia Ecosystem Picks & Shovels ETF (NVPS), which tracks the Solactive Nvidia Ecosystem Picks & Shovels Index. Index methodology captures broader industrial and technological infra supporting AI development The ETF, listed on Nasdaq since 18 June, provides exposure to companies across the broader supply chain associated with the development of artificial intelligence