Global X AI Semiconductor & Quantum ETF(NASDAQ:CHPX)

CHPX passively invests in an index of global companies that support the development of AI. The index administrator analyzes industries related to AI, Semiconductors, and Quantum Computing within FactSets classification system. It focuses on four main sectors: AI Semiconductors (makes GPUs, CPUs, and memory solutions for AI training and processing), Compute Systems Enablers (creates AI-focused hardware/software systems, servers, and networking), Data Center Infrastructure (provides cooling, power management, and specialized equipment for AI data centers), and Quantum Computing. To qualify, firms must derive at least 50% of revenue from the above business activities and must meet liquidity and tradability requirements. Individual companies are capped at 10%. The index is market cap-weighted and, from time to time, may exclude countries such as China, India, Pakistan, Russia, Egypt, and Saudi Arabia. The index is reconstituted and rebalanced twice yearly.