Artificial intelligence (AI) promises to bring significant advances to the global economy, which could result in higher worker productivity, faster product development, and more efficient supply chains.

Both Nvidia and Broadcom have talked about customers deploying AI chip clusters of 1 million or more in the near future, which is a huge jump from what recent AI models have been trained on. Today, most chipmakers,

(AI), as the latest advances involving generative AI made their way into mainstream usage and AI-associated stocks helped power the market to new heights. Other megacap tech companies, such as Alphabet,

This top-performing ETF's largest three stock holdings are Nvidia, Taiwan Semiconductor Manufacturing, and Broadcom.