Core Insights - The article emphasizes that foreign government spending is becoming a significant driver of capital expenditures (CapEx) in artificial intelligence (AI) infrastructure, particularly through initiatives aimed at developing "sovereign AI" [2][5]. Government Spending and Sovereign AI - Sovereign AI refers to a nation's capability to establish its own AI infrastructure, including data centers and locally-trained models, which is increasingly seen as essential for data security and intellectual property protection [2][3]. - Countries like South Korea, Saudi Arabia, and members of the EU are making substantial investments in sovereign AI, aiming to reduce reliance on dominant U.S. and China-based platforms [3][5]. Market Interest and Trends - There has been a notable increase in global interest regarding sovereign AI, coinciding with various countries launching plans to enhance their AI infrastructure [4]. - Sovereign AI is viewed as a critical advancement that could stimulate further AI CapEx spending, enhancing national security and competitiveness in the evolving AI landscape [5]. Investment Opportunities - The Alger AI Enablers & Adopters ETF (ALAI) is highlighted as a potential investment vehicle for those looking to capitalize on the growing AI CapEx spending, focusing on companies that are advancing AI innovation and adoption [6]. - The fund employs a proprietary research process to identify companies experiencing Positive Dynamic Change, which includes those with High Unit Volume Growth and Positive Lifecycle Change [7][8].