AI-themed ETFs jump as Nvidia surges

Bath & Body Works Inc

Change company Symbol lookup

Select an option...

BBWI Bath & Body Works Inc

OPI Office Properties Income Trust

DHC Diversified Healthcare Trust

GNL-A Global Net Lease Inc

PRS Prudential Financial Inc

LEN Lennar Corp

LEG Leggett & Platt Inc

LDP Cohen & Steers Limited Duration Preferred and Income Fund, Inc

LADR Ladder Capital Corp

KRP Kimbell Royalty Partners LP

Consumer Discretionary : Specialty Retail | Mid Cap Value

Company profile

Bath & Body Works, Inc. is an omnichannel retailer. The Company sells merchandise through its Company-operated retail stores in the United States and Canada, and through its Websites and other channels, under the Bath & Body Works, White Barn and other brand names. The Company's international business is primarily conducted through franchise, license, and wholesale partners. It offers a range of fragrances for the body and home, including collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Its products are differentiated through a combination of fragrance and packaging. It also sells products under its sub brands, including White Barn and Aromatherapy. Its merchandise is sold through about 1,802 Company-operated stores and e-commerce sites in the United States and Canada, and in 427 stores and 31 e-commerce sites in more than 45 other countries operating under franchise, license, and wholesale arrangements.

AI-themed ETFs jump as Nvidia surges

12:56 pm ET May 25, 2023 (MarketWatch) Print

Shares of exchange-traded funds that provide exposure to companies involved in artificial intelligence were rising sharply Thursday.

The Roundhill Generative AI & Technology ETF (CHAT), whose top holdings recently included Nvidia Corp. (NVDA), Microsoft Corp. (MSFT) and Google parent Alphabet Inc. (GOOGL), was up 3% Thursday afternoon, according to FactSet data, at last check. The top five holdings of the fund, which launched this month, also included Advanced Micro Devices Inc. (AMD) and Adobe Inc. (ADBE) as of May 24, according to data on the website of Roundhill Investments.

Meanwhile, the Global X Robotics & Artificial Intelligence ETF (BOTZ) was climbing 2.7% Thursday afternoon, bringing its year-to-date gains to more than 30%, FactSet data show, at last check. The fund's top holdings also include chip maker Nvidia, which was surging more than 25% Thursday afternoon.

The AI-focused ETFs were outperforming the broad U.S. stock market in Thursday afternoon trading, with the Dow Jones Industrial Average falling 0.4% while the S&P 500 rose 0.7% and the technology-heavy Nasdaq Composite (NVDA) gained 1.7%, according to FactSet data, at last check.

-Christine Idzelis

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 25, 2023 12:56 ET (16:56 GMT)