Core Insights - Thematic ETFs have shown strong momentum in early 2026, adding $4 billion in January after a $23 billion increase in 2025 [1] - The VettaFi Thematic Rotation Index provides a disciplined approach to thematic investing, addressing challenges like timing and overlapping exposures [1] Thematic Investment Strategy - VettaFi's index encompasses a multi-sector approach, including trends in energy, financials, materials, and healthcare, beyond just technology [1] - The index is rebalanced quarterly, employing an equal-weighting strategy and capping individual company exposure at 8% to mitigate concentration risk [1] Sector Performance - The late December rebalance identified seven dominant sub-themes: Uranium, Semiconductors, Quantum Computing, GLP-1 Weight Loss Drug Manufacturers, E-Sports & Interactive Gaming, Defense, and Consumer Fintech [1] - Previously popular themes like Cloud Computing and Travel & Leisure have seen a decline in momentum [1] Benchmark Overlap and Returns - The VettaFi index has a low overlap with major benchmarks, at 21% with the S&P 500 and 23% with the Nasdaq 100, including 185 companies with a median market capitalization of $18 billion [1] - The index achieved a 24% return over the 12 months ending January 2026, outperforming the Nasdaq 100 (20%) and S&P 500 (16%) [1] Geographic Diversification - The index primarily focuses on the U.S. market (60%) but also includes companies from Australia, Canada, China, Denmark, and Japan, providing necessary cross-border diversification [1]

Core Insights - The gaming industry represents a significant segment of global entertainment investing, with diverse opportunities across various gaming platforms and regions [1] - The Amplify Video Game Leaders ETF (GAMR) has shown impressive year-to-date performance, returning 49.4%, significantly outperforming its category average [2] - GAMR provides exposure not only to leading game developers but also to essential firms in the electronic entertainment value chain, including Nvidia and AMD [3] Performance Metrics - GAMR has achieved a year-to-date return of 49.4%, more than double the average of its ETF Database Category [2] - Over the last three years, GAMR has returned 24.7%, again outperforming its category average [2] Investment Appeal - The combination of gaming firms and electronic entertainment companies positions GAMR as a standout option among thematic ETFs [4] - GAMR's tax efficiency and tradability enhance its attractiveness for tactical investments in the gaming sector [4]

Core Insights - OpenAI's partnership with AMD is expected to significantly boost AMD's market position and revenue potential, marking a pivotal moment for the semiconductor company [1][3] - The deal involves OpenAI purchasing 6 gigawatts of GPUs, starting with 1 gigawatt of AMD Instinct MI450 GPUs in the second half of 2026 [2] - If all warrants are exercised, OpenAI could acquire a 10% stake in AMD, which could lead to "tens of billions of dollars" in revenue for AMD according to its CFO [2][3] AMD Company Overview - AMD's stock has surged by 30% in the week following the announcement of the deal with OpenAI [3] - The deal includes a warrant for OpenAI to purchase up to 160 million shares of AMD common stock, which will vest as specific milestones are achieved [2][3] Investment Opportunities - The Amplify Video Game Leaders ETF (GAMR), which holds AMD as its top position, offers an alternative investment vehicle for exposure to AMD and other leading tech companies [3][4] - The GAMR ETF has $51.5 million in assets under management and has seen a 51% increase in value so far in 2025, outperforming the S&P 500 [5][6] - The ETF has a low average daily trading volume of 3,000 shares, compared to AMD's 58 million shares, and an expense ratio of 0.59% [5]