Before the OpenAI IPO materializes and while Anthropic has yet to go public, it may be tough for investors to cite a single company as the face of AI. Still, NVIDIA Corp. (NASDAQ: NVDA) is as good a candidate as any: as the largest publicly traded firm in the world and an undisputed leader in the semiconductor and chips space, this $5-trillion behemoth has held tremendous influence over the tech-heavy Nasdaq-100 as well as the broader market overall in recent years.
Still, while NVIDIA's dominance is unquestioned as a supplier of AI hardware, the industry—and its opportunities—extends beyond a single firm. Near-term beneficiaries of AI include data center makers, energy suppliers, hardware and software firms, industrial companies, and many others. Investors looking to diversify beyond the biggest names in the space while still staying tied to AI in some way can do so in a variety of ways; the three exchange-traded funds (ETFs) below not only provide three unique angles for approaching AI, but they also have returns that have beaten the market, sometimes by a wide margin.
