Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN), Broadcom Inc. (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Meta Platforms (NASDAQ:META), Western Digital Corp (NASDAQ:WDC), Nebius Group N.V. (NASDAQ:NBIS).
Industry description
The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the advisor believes will benefit from artificial intelligence (“AI”), demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. The fund is non-diversified.
Market Cap
The average market capitalization across the Alger AI Enablers & Adopters A MF is 2.5T. The market cap for tickers in the group ranges from 70.46B to 5.43T. NVDA holds the highest valuation in this group at 5.43T. The lowest valued company is NBIS at 70.46B.
Volume
The average weekly volume growth across all stocks in the Alger AI Enablers & Adopters A MF was -14%. For the same stocks of the MF, the average monthly volume growth was 4% and the average quarterly volume growth was -56%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 62
P/E Growth Rating: 65
Price Growth Rating: 43
SMR Rating: 26
Profit Risk Rating: 28
Seasonality Score: -43 (-100 ... +100)