Get the latest news on TCW Artificial Intelligence ETF stock with updates on market trends, financials, and analysis from Benzinga. Stay informed on AIFD performance

Latest TCW Artificial Intelligence ETF  News | NYSE:AIFD | Benzinga

The Fund will invest, under normal circumstances, at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in securities of businesses that the Adviser has identified, through annual reports, press releases and other public statements by an issuer, as well as the Advisers due diligence process, as using, or as having demonstrated an intent to use, predictive or generative AI in a way that is or has the potential to deliver a material improvement in the companys financial condition, in accordance with Rule 35d-1 under the Investment Company Act of 1940, as amended (the 1940 Act). If the Fund changes this investment policy, it will notify shareholders in writing at least 60 days in advance of the change.     Artificial intelligence refers to the development or use by a business or consumer of computer systems that perform tasks previously requiring human intelligence such as decision-making or audio or visual identification or perception.

Nvidia Corp.

Arista Networks Inc.

Amazon.Com Inc

Alphabet Inc

Meta Platforms, Inc.

Microsoft Corp

Palo Alto Networks Inc.

Micron Technology, Inc.

Servicenow, Inc.

Asml Holding Nv (new York Registered)

TCW Artificial Intelligence ETF

micron shutter2

Asia

News

Global

Tech

Media

Engine No. 1 ETF Trust TCW Artificial Intelligence ETF

AIFD

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

Micron Technology reportedly plans to construct a new plant adjacent to the existing Hiroshima factory by 2026.

What&#39;s Going On With Micron Stock Tuesday? Chip Designer Plans New Factory By 2026

Press Releases

TCW Completes Conversion of Two Mutual Funds to ETFs

TCW to Change Listing Exchange of ETFs to NYSE

GTS Selected as NYSE Designated Market Maker for Five ETFs From the TCW Group

TCW Completes Conversion of Flexible Income Mutual Fund to ETF

TCW Significantly Expands ETF Offerings, Unveiling Five New Actively Managed Fixed Income ETFs

ACLO

FLXR

HYBX

IGCB

MUSE

NETZ

SLNZ

SUPP

VOTE

Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) reportedly plans to construct a new plant adjacent to the existing <a href="https://www.benzinga.com/topic/semiconductors">Hiroshima factory by 2026</a>.



The chip designer has a DRAM factory in Hiroshima Prefecture, Japan, the DigiTimes&nbsp;<a target="_blank" href="https://www.digitimes.com/news/a20240528PD215/micron-japan-dram-production-2027.html" rel="noreferrer noopener">reports</a>.



The key&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38311337/microns-us-expansion-plans-get-presidential-nod-with-6-1b-investment" rel="noreferrer noopener">high-bandwidth memory (HBM) chip provider</a>&nbsp;plans to spend 800 billion Japanese yen on a manufacturing facility for advanced DRAM in Hiroshima. The stock gained after the report.



The new plant looks to start operation by 2027, as per Reuters.



<a target="_blank" href="https://www.benzinga.com/news/24/05/38948239/whats-going-on-with-bidens-chips-act-beneficiary-micron-tech-stock-tuesday" rel="noreferrer noopener">Earlier in May</a>, the key U.S. Chips Act beneficiary increased its 2024 capital expenditure to $8 billion, up from prior guidance of $7.5 billion.



Micron expects&nbsp;HBM to be a multibillion-dollar business&nbsp;in fiscal 2025 and to enable over 50% of &nbsp;PCs&nbsp;to be AI-enabled by 2027.



Analysts hailed Micron&#8217;s HBM moat, expecting upside from strong DRAM pricing, shipments of higher-priced, higher-margin products, and&nbsp;increased&nbsp;AI&nbsp;exposure.



Micron stock gained 81% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;Engine No. 1 ETF Trust TCW Artificial Intelligence ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIFD#NYSE">AIFD</a>) and&nbsp;EA Series Trust Strive U.S. Semiconductor ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>).



Price Action:&nbsp;MU&nbsp;shares traded higher by 1.40% at $131.27 premarket at&nbsp;the last check Tuesday.



Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39037833/magnificent-7-becomes-the-magnificent-one-wall-street-guru-hails-single-tech-stock-">Magnificent 7 Becomes &#8216;The Magnificent One&#8217;: Wall Street Guru Hails Single Tech Stock As Market Leader</a>



Image: Shutterstock

What's Going On With Micron Stock Tuesday? Chip Designer Plans New Factory By 2026

Comments

TCW Artificial Intelligence ETF Stock News

News

Latest TCW Artificial Intelligence ETF News | NYSE:AIFD | Benzinga

Tuesday, May 28, 2024

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga