Even with recent rotation away from megacap tech stocks, there may still be a case for investing in thematic tech exchange-traded funds.
Roundhill Investments runs the Roundhill Generative AI & Technology ETF (CHAT), which is up 13.8% year to date as of Friday's market close.
But despite recent volatility in the group, the firm's CEO Dave Mazza thinks the investment thesis is still intact.
Pointing to some of CHAT's under-the-radar artificial intelligence plays, Mazza waived off concerns that thematic ETFs may be too narrow in scope.
"There are companies like Dell in the portfolio and others, ServiceNow and Salesforce , who are using AI and integrating AI," he said.
Persons:
Dave Mazza, CNBC's, Mazza
Organizations:
Roundhill Investments, Technology, Nvidia, Microsoft, Dell
Locations:
CHAT's