Forget the old playbook where sector rotation meant simply moving from growth to value or tech to staples. A quieter, more structural shift is...

Forget the old playbook where sector rotation meant simply moving from growth to value or tech to staples. A quieter, more structural shift is underway inside the artificial intelligence trade, and the ROBO Global Artificial Intelligence ETF (THNQ) has become an unlikely timing gauge for a strategy that few retail investors are watching closely: the rotation from AI infrastructure to AI applications. The conventional wisdom holds that when semiconductors lead, the AI trade is healthy. But THNQ’s construction tells a different story. Unlike cap-weighted peers that allow a single mega-cap name to dictate direction, THNQ’s methodology caps individual positions and screens for companies deriving genuine revenue from AI, regardless of size. This equal-ish weighting has created...

Forget the old playbook where sector rotation meant simply moving from growth to value or tech to staples. A quieter, more structural shift is underway inside the artificial intelligence trade, and the ROBO Global Artificial Intelligence ETF (THNQ) has become an unlikely timing gauge for a strategy that few retail investors are watching closely: the rotation from AI infrastructure to AI applications. The conventional wisdom holds that when semiconductors lead, the AI trade is healthy. But THNQ’s construction tells a different story. Unlike cap-weighted peers that allow a single mega-cap name to dictate direction, THNQ’s methodology caps individual positions and screens for companies deriving genuine revenue from AI, regardless of size. This equal-ish weighting has created...