VanEck Captures AI Ecosystem with Thematic ETFs

VanEck has launched a suite of thematic ETFs aimed at capitalizing on the rapidly expanding AI value chain. The offerings go beyond traditional semiconductor exposure, encompassing power infrastructure, data centers, and applied AI technologies. This diversified approach seeks to capture growth across every layer of the AI ecosystem as investment demand broadens.

AI infrastructure spending is exploding, with global data-center capital expenditure projected to hit $2.9 trillion from 2025 to 2028. Major tech companies, including Alphabet, Amazon, Meta, and Microsoft, are expected to spend almost $600 billion on data-center buildouts in 2026 alone.

VanEck's ETFs aim to provide investors with exposure to this unprecedented capital cycle. The firm's offerings include the VanEck Semiconductor ETF (SMH), which tracks the largest players in chip manufacturing, as well as the VanEck Data Center Supply Chain ETF (RACK) and the VanEck Utilities TruSector ETF (TRUU).

Power generation and grid infrastructure have become central to AI adoption. S&P Global estimates data-center grid power demand could nearly triple between 2025 and 2030 to 183.2 GW.