Crawford emphasizes the potential of AI as a transformative technology still in its early stages, with significant growth expected over the next 5-10 years. She highlights Nvidia and Taiwan Semiconductor (TSM) as key players in the AI trade, both benefiting from their monopoly or oligopoly status and unmatched pricing power. The article also notes the criteria for BI's Investor of the Month, which includes managers of US-listed mutual funds or ETFs that outperform peers and benchmark indices like the S&P 500, excluding leveraged funds.
Key takeaways:
- Ankur Crawford's Alger Concentrated Equity ETF rose 30% in the past year, outperforming 96% of similar funds.
- The fund focuses on companies with little competition, such as Nvidia and Ferrari, allowing them to maintain high prices and profits.
- Crawford sees artificial intelligence as a major opportunity for the next decade, with significant potential for companies involved in AI infrastructure.
- The top holdings in CNEQ include Nvidia, Microsoft, Amazon, and Meta Platforms, reflecting Crawford's focus on AI and companies with pricing power.