This Is the Only AI ETF You Need to Hold During the Capex Boom

PTF is an Invesco Dorsey Wright Technology Momentum ETF that follows a relative strength methodology ranking technology stocks against each other and overweighting outperformers. The index uses no analyst overlay and no AI screen, instead buying strength and selling weakness on a regular schedule. During a capex boom led by accelerators, optical components, and memory, the momentum screen has effectively concentrated holdings in AI hardware. Top holdings include Lumentum, Sandisk, and NVIDIA, covering optical interconnects, storage for training data, and GPUs. Hyperscaler spending is expanding not only in units but also in dollars per component, creating a pricing tailwind that momentum can capture earlier than market-cap weighted approaches. Performance has been strong versus QQQ, with about 91% over one year and 193% over five years.

"PTF has returned about 91% over the past year and 193% over five years. The Invesco QQQ Trust ( NASDAQ:QQQ) returned about 39% and 121% over those same windows. PTF has more than doubled QQQ's one-year return during the AI ramp."

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