Looking beyond Nvidia? This mid-cap ETF could benefit from AI’s next growth phase
Complete. Here is the key summaryThe Invesco S&P MidCap Momentum ETF (XMMO) offers exposure to mid-cap 'picks-and-shovels' companies benefiting from AI infrastructure growth, outperforming mega-caps like Nvidia. With a momentum-based strategy, XMMO holds ~80 stocks in industrials and tech, including Sterling Infrastructure and MKS Inc., which have surged over 100%. The fund adapts to shifting market leadership, providing cost-effective access to the next phase of AI capital spending beyond chip designers.
Quick ReadXMMO targets mid-cap AI infrastructure suppliers, gaining 12% YTD while top holdings STRL and MKSI surged 162% and 215% respectively.Industrials make up 40% of XMMO's portfolio, giving the fund broader exposure beyond AI as its momentum strategy adapts to shifting market leadership.Are you ahead, or behind on retirement? SmartAsset's free...