VanEck Launches ETF Targeting AI Data Center Supply Chain

VanEck has launched the VanEck Data Center Supply Chain ETF (RACK), a new thematic fund focused on companies enabling the global AI infrastructure buildout. The ETF invests in U.S.-listed firms generating at least 50% of revenue from data center and AI infrastructure activities, including semiconductors, power systems, cooling technologies, electrical equipment, and nuclear energy. The launch comes as hyperscalers are projected to spend roughly $750 billion on AI infrastructure this year, with growing bottlenecks in chips, power generation, and grid equipment creating potential opportunities across the broader data center supply chain.