Tech Giants Surge in 2023 After Stock Price Rollercoaster
The tech sector has witnessed a f ride in recent years, with some of the world's largest companies experiencing significant stock price fluctuations. Meanwhile, investors are turning their attention to artificial intelligence (AI) and technology-focused exchange-traded funds (ETFs).
The Invesco S&P 500 Top 50 ETF, which invests in the top 10% of S&P 500 companies by market cap, has seen its 'Ten Titans' – including Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta Platforms, Broadcom, Tesla, Oracle, and Netflix – face stock price declines. Notably, Nvidia, Meta Platforms, Amazon, Alphabet, and Tesla all witnessed their stocks drop by over 40% from their all-time highs in 2022.
However, 2023 has brought a resurgence for these tech giants. Since the start of the year, Nvidia's stock has surged more than 1,100%, while Meta has seen an over 500% increase. Tesla, Amazon, and Alphabet have also outperformed the S&P 500.
In the realm of AI-focused ETFs, the iShares A.I. Innovation and Tech Active ETF, launched in October 2024, has significant weights in Oracle and Broadcom. This actively managed fund has a net expense ratio of 0.55%. For investors seeking global exposure, the Global X Artificial Intelligence & Technology ETF offers an 'unconstrained approach', targeting innovative companies worldwide, with 31% invested in non-U.S. companies. Its expense ratio stands at 0.68%.
As of now, there is no public list detailing the top 10 companies in leading AI ETFs in 2025 that specifically excludes S&P 500 constituents. Current investment analyses primarily focus on general sector trends rather than detailed ETF-by-ETF breakdowns.
Despite the volatility, tech stocks have shown remarkable resilience, with several companies posting significant gains in 2023. As investors continue to eye the AI and technology sectors, actively managed and globally focused ETFs present attractive options. However, further transparency in ETF holdings, excluding S&P 500 constituents, would provide more detailed insights for investors.
