July 23, 2026 - The AI investment story is expanding well beyond mega-cap tech, and this research breaks down three ETFs positioned to capture that broadening opportunity. As equal-weight returns outpace market-weighted returns in 2026, gains are flowing to mid- and small-cap suppliers across the AI value chain — semiconductors, electrical equipment, and industrial machinery.
This piece examines three distinct approaches: WTAI, offering full-stack exposure from power and compute to hyperscalers and software; VOLT, focused on the electrification and grid infrastructure powering data centers; and AGIQ, capturing both providers and adopters of agentic AI across industries like networking, automation, and medical technology.
With hyperscaler capex projected to reach $750 billion in 2026, and rising computing intensity per task, understanding where value accrues across the AI stack is critical. Download the full report for CFRA's detailed holdings analysis, sector breakdowns, and forward-looking risks.