Top Canadian AI ETFs Rally as Nvidia Drives Global Tech Boom
Nvidia’s record-breaking rally is energizing AI markets globally. Canadian ETFs tied to artificial intelligence and semiconductors are seeing a strong bounce as investor confidence returns.
The artificial intelligence boom is far from slowing down. With Nvidia surpassing Microsoft to become the world’s most valuable company—thanks to a $3.77 trillion market cap—global investor appetite for AI exposure has been reignited. Canada is no exception, with AI-themed ETFs seeing renewed inflows and strong weekly gains.
Nvidia's Rally Sends Shockwaves Across Asia and Beyond
Chipmakers across Asia rallied last week after Nvidia posted a 4% daily gain and extended a five-day winning streak. The surge reflects confidence in Nvidia’s dominance over AI infrastructure, as demand continues to rise for GPUs used in language models, autonomous driving, and enterprise AI tools.
Asian tech giants like SK Hynix, TSMC, and Foxconn—key suppliers and partners of Nvidia—saw share prices climb, highlighting the importance of cross-border supply chains in powering the AI wave. Even Japanese chipmakers and firms with Arm exposure posted record highs, reinforcing the notion that AI's reach is global and growing.
In tandem, AI market forecasts have turned increasingly bullish. Precedence Research expects the global AI market to grow from USD 757 billion in 2025 to over USD 3.68 trillion by 2034—a 19.2% CAGR. Hardware, software, and services alike are expected to benefit as AI becomes more integrated into finance, healthcare, automotive, and beyond.
Canada: A Strategic AI Player
While the headlines focus on Nvidia and U.S.-based innovation, Canada continues to hold its position as a leading force in AI research and responsible development. Canadian universities and government-backed initiatives have long positioned the country as a key AI hub—especially in ethical AI design and foundational research.
Investors looking to capture the upside in this transformative trend have several Canadian ETFs to choose from. While assets under management vary, performance has been strong in recent days.
Canadian AI ETFs: Strong Weekly Gains
Canada-listed ETFs targeting AI and semiconductor infrastructure posted some of the strongest returns last week across the technology sector.
- Global X Artificial Intelligence Semiconductor ETF (CHPS) rose 7.77% week-to-date, riding on the strength of Nvidia-linked demand and optimism around AI chip supply chains.
- Global X Artificial Intelligence Infrastructure ETF (MTRX) added 5.98%, reflecting renewed interest in the data infrastructure powering large-scale AI workloads.
- CI Global Artificial Intelligence ETF (CIAI) climbed 5.69%, tracking broad exposure to AI leaders across multiple geographies and subsectors.
- Evolve Artificial Intelligence Fund (ARTI) gained 4.62%, while Global X Artificial Intelligence & Technology Index ETF (AIGO) rose 4.26%, both buoyed by rising investor sentiment and optimism about AI-driven enterprise adoption.
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Index Data
Fund Data: CIAI, CHPS, ARTI, AIGO, MTRX
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
