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Fortune
Fortune
Dave Smith

This ETF is handily beating the S&P 500—and analysts say it could be one of the big winners of the AI boom

An aerial view of one of Microsoft's data centers on a sunny day (Credit: Lexi Critchett—Bloomberg/Getty Images)

While artificial intelligence has driven massive gains in tech stocks this year, a lesser-known exchange-traded fund focused on power infrastructure is quietly outpacing the broader market—and analysts say its best days may still be ahead.

The Tema Electrification ETF (VOLT) has surged 33% year to date, significantly outperforming the S&P 500’s roughly 17% gain over the same period. Now, according to Business Insider, analysts at Ned Davis Research are recommending the fund as an “overweight” investment, projecting it could deliver approximately 20% relative outperformance versus the S&P 500 by 2027. ​

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