Meet the 6 New Income ETFs Built for Nvidia, Tesla, Micron, and Other AI Leaders
Complete. Here is the key summaryDirexion launched six new income-focused ETFs targeting major AI stocks: Nvidia, Tesla, Alphabet, Meta, Palantir, and Micron. Part of the Defined Income Boost lineup, these funds generate returns by selling covered call options rather than relying on dividends. The products offer investors regular income while maintaining exposure to high-growth tech companies, without using leverage.
Investors looking to earn income from some of the market's biggest AI stocks now have six new ETFs to consider. Direxion, an ETF issuer, has launched income-focused exchange-traded funds (ETFs) built around Nvidia (NVDA), Tesla (TSLA), Alphabet (GOOGL), Meta (META), Palantir (PLTR), and Micron (MU).
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NVDS: built for a short position on NVDAInstead of relying on dividends, the funds generate income by selling covered call options on the underlying stocks. The goal is simple. Investors can earn regular income while continuing to own AI companies that pay little or no dividends.
What Makes These ETFs Different
The six funds are part of Direxion's new Defined Income Boost lineup. Each fund is linked to a single stock and follows a rules-based options strategy developed with Cboe.
Unlike many of Direxion's other ETFs, these funds do not use leverage. Instead, they earn option premiums through covered calls. The launch comes as options-based ETFs continue to gain popularity. Many investors want to keep exposure to AI stocks while also generating income from their holdings.
Earlier this month, TipRanks highlighted several option-income ETFs that use similar strategies to generate high yields from popular stocks. (See TipRanks' coverage of option-income ETFs: 2 High-Yield Income ETFs Paying Up to 266% in 2026)
Why Direxion Is Expanding the Lineup
Direxion said the new funds are designed for investors who want income without giving up exposure to innovative companies.
Chief Product Officer Mo Sparks said the launch builds on Direxion's experience in derivatives-based investing. He added that the company plans to expand the Defined Income Boost family over time.
Direxion managed about $85.4 billion in assets as of June 30, 2026.
Like other covered call ETFs, the new funds may limit gains if the underlying stocks rise sharply.
Learn More About AI and Income ETFs
Investors interested in comparing these new funds with other AI and income ETFs can explore the TipRanks ETF Center, which tracks thousands of ETFs across sectors and investment strategies.