A U.S. asset manager has moved to launch what would be the first exchange-traded fund focused specifically on Venezuelan equities, capitalizing on a sudden political shift that has reignited investor interest in the country’s long-isolated markets.

The AI trade is no longer moving as a single theme. As capital rotates into companies that control physical bottlenecks such as power, compute capacity, cooling, and automation, performance across AI-linked equities is diverging sharply.

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