CHAT ETF gained 46% in 2025 as companies invested $37 billion in generative AI. The shift was measurable. Professionals using AI tools saw productivity gains up to 60% higher than automation alone. CHAT did not chase flashy demos. It owned the infrastructure behind real deployments. As enterprise AI spending tripled, the winners were not replacing workers with agents. They equipped professionals with tools that enhanced judgment and expertise.
What separates AI winners from the rest?
AI winners built superpowers, not substitutes. The breakthroughs came from companies that equipped their workforce instead of replacing it. McKinsey found that 78% of organizations now use AI in at least one business function, up from 55% a year ago. The ones succeeding treat AI as professional enablement, not full automation. Developers using AI coding tools report 34% higher productivity. Customer service professionals with AI assistance resolve issues faster while maintaining quality. The pattern is consistent: AI makes professionals more capable, not obsolete.
Where did the $37 billion actually go?
To infrastructure. Chips, cloud, compute, the things every AI promise quietly depends on. CHAT's top holdings read like the foundation of every AI deployment: Alphabet at 7%, NVIDIA at 6%, Broadcom at 4%, SK Hynix at 4%. These companies power every AI tool professionals use. NVIDIA supplies the GPUs. SK Hynix supplies the high-bandwidth memory. Alphabet supplies the platforms and APIs. The infrastructure layer enables every productivity gain, every workflow improvement, every successful deployment.
How does CHAT differ from other AI ETFs?
Active management in a sector that changes monthly. CHAT is actively managed with 48 holdings across the generative AI value chain. It dropped laggards and added emerging infrastructure plays while passive AI funds stayed locked to last year's weightings. The 0.75% expense ratio buys a pilot in the cockpit. In mature sectors, passive wins. In sectors reshaping weekly, someone needs to make the hard calls on which companies outperform. CHAT's 46% gain earned 61x its fee in 2025.
Is CHAT too concentrated in mega-cap tech?
Less than you'd think. The Magnificent Seven represent 35% of the S&P 500. CHAT holds six of them, but no single position exceeds 8%. The other 42 holdings tap segments the mega-caps don't dominate: Palantir in enterprise AI, Nebius in AI data centers, SK Hynix in memory chips. The diversification isn't about avoiding big tech. It's about capturing the full infrastructure stack. Chips, cloud, platforms, and applications. CHAT owns the whole supply chain.
AI doesn't replace professional judgment. It amplifies it. In 2025, the winners weren't chasing full automation; they were equipping professionals with tools that made expertise more powerful. That transformation runs on infrastructure, including chips, cloud, and compute, and CHAT owns that foundation. It's not a bet on which agent wins, but a bet on the platform beneath every AI success story. The future isn't professionals versus AI. It's professionals with AI. And now you can own what makes that possible.