{"id":3826154,"hash":"rygkxzwr","type":"List","name":"Nvidia - Chip Wars and Artificial Intelligence","alias":"nvidia-chip-wars-and-artificial-intelligence","intro":"Nvidia is AI's top dog for now but competitors are taking aim with technological answers","description":"

Great investor expectations of artificial intelligence (AI) have driven the share price of Nvidia to breathtaking heights

\r\n

AI's bright and shiny future may come true, and certainly has been marketed as a once-in-a-life time technological turning point

\r\n

For now, Nvidia alone owns the market for AI applications on devices with multiples functionalities

\r\n

However, integration of specialized NPUs and cloud-based models (already available on Google, Amazon and Microsoft clouds) will prove to be game-changers in a not-so-distant future

\r\n

Rather than attempting to join the Nvidia bandwagon, especially after the train left the station, this selection suggests a considered view of the semiconductor industry

\r\n

Nvidia - in the uncertainty surrounding the extent of AI's grip on entire industries - remains a sphinx, inscrutable about what the future truly beholds

\r\n

Comparisons between financial ratios , on t he Analytics tab, may provide some of the answers sought by investors

\r\n

The ratios draw stark comparisons across the semiconductor firms listed on US markets, by share price to earnings (P/E), to book value (P/B), to cash flow (P/CF) and many others, with striking differences in investor appreciation

\r\n

Firms operating in the same segment of 'fabless IC design' as Nvidia master specialized AI programming capacity to accelerate machine learning and artificial intelligence (AI) workloads. Unsurprisingly, integration of multiple AI chips in neural processing units (NPUs) will proceed apace and vendors include\r\n
- Intel
  Qualcomm
- Advanced Micro Devices
  Huawei (China)
  Samsung (South Korea)
  MediaTek (Taiwan)
\r\n

\r\n

A selected group of powerful firms enjoys real-life quasi-monopoly positions with much lower valuation ratios than Nvidia - such as foundry TSMC or dominant lithography specialist ASML

\r\n

Nvidia will be challenged by cloud-based AI services, with familiar names. With potent hardware accelerators, their neural units (NPUs) are optimized for tasks related to artificial networks and tensor units (TPU's) are developed by Google to accelerate the training and inference of deep learning models\r\n
- Amazon
- Microsoft Azure
- Google
- Meta
\r\n

\r\n

Vanguard Information Technology ETF is the benchmark of the selection

","dateCreation":1685524527000.0,"datePublish":1685577600000.0,"dateUpdate":1686586308247.0,"dateUpdateComps":1757410664402.0,"image":"https://static.pininvest.com/uploads/images/lists/rygkxzwr/75xwyge0/default/nvidia-chip-wars-and-artificial-intelligence.jpg","imageSrcUsr":"Diana van Ormondt","imageSrcWeb":"Unsplash","imageSrcLink":"https://unsplash.com/fr/photos/ImydssfRpSg","url":"/library/rygkxzwr","category":{"id":1903888,"hash":"rog00om3","name":"21st Century Technology","brief":"Technology - a fast evolving sector unleashing a wide ranging applications across the economy, from artificial intelligence to robotics","description":"

Technological revolutions brought about by digitalization drive as many accelerations in the march of time

\r\n

No human experience remains untouched as the benefits, as well as potential dangers, come to light

\r\n

Manufactured hardware is novel in many ways as human ingenuity makes the most of technolgical advances and the supply chain processes themselves are upended by AI and by robotics

\r\n

In subtle interaction between hardware and software along fuzzy boundaries, the reign of technology is not about to end

","image":"https://static.pininvest.com/uploads/images/categories/rog00om3/evptvwyi/21st-century-technology.jpg","imageSrcUsr":"Dose Media","imageSrcWeb":"Unsplash","imageSrcLink":"https://unsplash.com/fr/photos/allume-le-drone-quadricoptere-noir-DiTiYQx0mh4"},"author":{"id":1570474,"hash":"nj9452x3","alias":"pininvest-analysis","name":"Pininvest Analysis","brief":"Experienced professionals, seeking to combine financial acumen and business expertise","image":"https://static.pininvest.com/uploads/images/contributors/nj9452x3/iy4aijon/thumb/pininvest-analysis.png"},"tags":{"sectors":[{"id":1803118,"label":"Technology","key":"technology","issector":true,"isstyle":false}],"styles":[{"id":1728517,"label":"Growth","key":"growth","issector":false,"isstyle":true}],"others":[{"id":2026994,"label":"AI","key":"ai","issector":false,"isstyle":false},{"id":245513461,"label":"Artificial Intelligence","key":"artificial-intelligence","issector":false,"isstyle":false},{"id":3869633,"label":"Cloud","key":"cloud","issector":false,"isstyle":false},{"id":219786496,"label":"Semiconductor Manufacturing Eqpt","key":"semiconductor-manufacturing-eqpt","issector":false,"isstyle":false},{"id":2098674,"label":"semiconductors","key":"semiconductors","issector":false,"isstyle":false}]},"componentsCount":28,"componentsTotal":28,"articlesCount":3,"benchmark":{"id":218173,"hash":"xn5qddzn","type":"Fund","ticker":"VGT","name":"Vanguard Information Technology ETF","exchange":{"id":63,"code":"US","country":{"id":26,"code":"US","name":"USA","currency":{"id":133,"code":"USD","name":"U.S. Dollar","enabled":true,"featured":true,"position":0},"continent":{"id":4,"name":"North-America"},"countrytype":{"id":2,"name":"Developed Markets"},"enabled":true,"featured":false,"position":0},"mnemonic":"NYSEARCA","name":"NYSE Arca","riskfamily":"Equity","currency":{"id":133,"code":"USD","name":"U.S. Dollar","enabled":true,"featured":true,"position":0},"calendar":"NyseCalendar"},"price":119.13,"currency":{"id":133,"hash":"km3wj1rg","code":"USD","name":"U.S. Dollar"},"industry":{"id":21060,"hash":"yn0l1z1n","name":"Information Systems & Network Software","sector":{"id":12,"hash":"gyn01rz9","name":"Technology"}},"subCategory":{"id":217788,"hash":"prozxwkn","name":"Technology","category":{"id":217760,"hash":"yn09wlvn","name":"Technology"}},"stats":{"perf":0.4029778844704217,"vol":0.24328878619280053,"volRankLabel":"Above Average","volRankKey":"aboveavg","weight":1.0,"mdd":-0.13571722413251197,"surface":0.029347078793822805},"history":[{"date":1756857600000.0,"price":86.229,"return":0.004474852445720474,"perf":0.0,"vol":0.1993443471698322},{"date":1756944000000.0,"price":86.806,"return":0.006669195696328922,"perf":0.0066914843034244775,"vol":0.19637902701049362},{"date":1757030400000.0,"price":86.962,"return":0.0017954979272314451,"perf":0.008500620440919038,"vol":0.19341323893086532},{"date":1757289600000.0,"price":87.724,"return":0.008724280516742618,"perf":0.01733755465098752,"vol":0.19094024667616177},{"date":1757376000000.0,"price":87.828,"return":0.0011848342618317686,"perf":0.018543645409317078,"vol":0.18805726556427468},{"date":1757462400000.0,"price":88.97,"return":0.012918877849585467,"perf":0.031787449697897374,"vol":0.18779218503621004},{"date":1757548800000.0,"price":89.448,"return":0.005358216588391025,"perf":0.03733082837560442,"vol":0.1841383524742173},{"date":1757635200000.0,"price":89.547,"return":0.0011061762629674045,"perf":0.038478934001322074,"vol":0.1813618701231086},{"date":1757894400000.0,"price":90.426,"return":0.00976820955756,"perf":0.04867272031451142,"vol":0.17928765254588075},{"date":1757980800000.0,"price":90.12,"return":-0.0033897211015505523,"perf":0.04512403019865707,"vol":0.17720234049313294},{"date":1758067200000.0,"price":89.788,"return":-0.003690779474744737,"perf":0.041273817393220336,"vol":0.17520916250985616},{"date":1758153600000.0,"price":91.382,"return":0.01759718643358862,"perf":0.05975947766992551,"vol":0.17781612578068942},{"date":1758240000000.0,"price":92.236,"return":0.009301987363189532,"perf":0.06966333832005489,"vol":0.17601723385345447},{"date":1758499200000.0,"price":93.726,"return":0.016025122190849634,"perf":0.08694290783843028,"vol":0.17732484282233787},{"date":1758585600000.0,"price":92.763,"return":-0.010327778686051618,"perf":0.07577497129735944,"vol":0.1780914172138622},{"date":1758672000000.0,"price":92.08,"return":-0.007390088977247916,"perf":0.07781604796530162,"vol":0.17736938860419105},{"date":1758758400000.0,"price":91.802,"return":-0.00302368053212976,"perf":0.07459207459207451,"vol":0.17516177156625015},{"date":1758844800000.0,"price":92.035,"return":0.002534855603187894,"perf":0.07729418177179359,"vol":0.17252608146715268},{"date":1759104000000.0,"price":92.591,"return":0.00602300521935586,"perf":0.0837421285182478,"vol":0.16940369510611256},{"date":1759190400000.0,"price":93.023,"return":0.004654829700642614,"perf":0.0887520439759244,"vol":0.16695572844554785},{"date":1759276800000.0,"price":93.757,"return":0.007859554325086067,"perf":0.09726426144336586,"vol":0.16508579063363804},{"date":1759363200000.0,"price":94.438,"return":0.007237205796121334,"perf":0.10516183650512012,"vol":0.163089572147405},{"date":1759449600000.0,"price":94.149,"return":-0.003064900828048348,"perf":0.10181029584014656,"vol":0.16134792331682285},{"date":1759708800000.0,"price":94.96,"return":0.008577116603569341,"perf":0.11121548434981254,"vol":0.1546033737779102},{"date":1759795200000.0,"price":94.089,"return":-0.009214607461227977,"perf":0.1011144742488026,"vol":0.15613721454232257},{"date":1759881600000.0,"price":95.688,"return":0.01685175590697909,"perf":0.11965811965811968,"vol":0.15819017611524414},{"date":1759968000000.0,"price":95.641,"return":-0.0004913003354994448,"perf":0.1191130594115668,"vol":0.15615617026337722},{"date":1760054400000.0,"price":91.74,"return":-0.04164310924263825,"perf":0.0738730589476857,"vol":0.18879167276667635},{"date":1760313600000.0,"price":94.127,"return":0.02568644506526235,"perf":0.10155516125665365,"vol":0.19578535790920246},{"date":1760400000000.0,"price":92.925,"return":-0.012852218050972425,"perf":0.08761553537672939,"vol":0.1974548222303978},{"date":1760486400000.0,"price":93.788,"return":0.009244199875173565,"perf":0.09762376926556016,"vol":0.1952901645157767},{"date":1760572800000.0,"price":93.486,"return":-0.003225223595216688,"perf":0.09412146725579551,"vol":0.19297815639002291},{"date":1760659200000.0,"price":93.712,"return":0.0024145568841539363,"perf":0.09674239524985784,"vol":0.18989175110648698},{"date":1760918400000.0,"price":94.96,"return":0.013229500953985927,"perf":0.11121548434981254,"vol":0.18926083402073293},{"date":1761004800000.0,"price":94.864,"return":-0.0010114633364006027,"perf":0.11010216980366239,"vol":0.18670832949420327},{"date":1761091200000.0,"price":93.743,"return":-0.011887291568852758,"perf":0.09710190307205213,"vol":0.18834534080043586},{"date":1761177600000.0,"price":94.97,"return":0.013004056858701875,"perf":0.11133145461503657,"vol":0.1870773070868324},{"date":1761264000000.0,"price":96.45,"return":0.015463687096876967,"perf":0.12849505386818816,"vol":0.18690907219169545},{"date":1761523200000.0,"price":98.179,"return":0.017767603852493825,"perf":0.14854631272541718,"vol":0.18786251824087713},{"date":1761609600000.0,"price":99.191,"return":0.010254941164308584,"perf":0.16028250356608553,"vol":0.18613132562924528},{"date":1761696000000.0,"price":99.862,"return":0.006741948542618956,"perf":0.16806410836261576,"vol":0.18359355279467343},{"date":1761782400000.0,"price":98.545,"return":-0.013275936266701925,"perf":0.1527908244326155,"vol":0.18620119800055254},{"date":1761868800000.0,"price":98.826,"return":0.002847431384136012,"perf":0.15604958888540965,"vol":0.18338697209768115},{"date":1762128000000.0,"price":99.168,"return":0.0034546535767441687,"perf":0.16001577195607042,"vol":0.18044428548746444},{"date":1762214400000.0,"price":96.489,"return":-0.027386369395015688,"perf":0.12894733790256185,"vol":0.1957038190792985},{"date":1762300800000.0,"price":96.889,"return":0.004136981150771449,"perf":0.1335861485115215,"vol":0.19281651946277567},{"date":1762387200000.0,"price":94.988,"return":-0.019815425528537496,"perf":0.11154020109243978,"vol":0.19929774333364206},{"date":1762473600000.0,"price":94.859,"return":-0.00135898928983507,"perf":0.11004418467105026,"vol":0.1965842734215097},{"date":1762732800000.0,"price":97.227,"return":0.024656872128346375,"perf":0.1375059434760928,"vol":0.20308077536651592},{"date":1762819200000.0,"price":96.346,"return":-0.009102571981246213,"perf":0.1272889631098586,"vol":0.2024005250966595},{"date":1762905600000.0,"price":96.454,"return":0.0011203320673887523,"perf":0.12854144197427764,"vol":0.19935859032540962},{"date":1762992000000.0,"price":93.737,"return":-0.02857322218846753,"perf":0.0970323209129178,"vol":0.2122001429894228},{"date":1763078400000.0,"price":94.223,"return":0.005171324569852441,"perf":0.10266847580280403,"vol":0.20889653249244558},{"date":1763337600000.0,"price":92.658,"return":-0.016749017669675896,"perf":0.08451912929524874,"vol":0.21153035069788667},{"date":1763424000000.0,"price":91.274,"return":-0.015049323889727156,"perf":0.06846884458824753,"vol":0.21293845609319295},{"date":1763510400000.0,"price":91.894,"return":0.006769767294162456,"perf":0.07565900103213541,"vol":0.21033412666960813},{"date":1763596800000.0,"price":89.169,"return":-0.03010229332348565,"perf":0.04405710375859617,"vol":0.2239163888026078},{"date":1763683200000.0,"price":89.567,"return":0.0044535030191695255,"perf":0.0486727203145112,"vol":0.22085773624749622},{"date":1763942400000.0,"price":91.817,"return":0.0248105170979321,"perf":0.07476602998991044,"vol":0.22754450647653326},{"date":1764028800000.0,"price":92.099,"return":0.0030666197720444852,"perf":0.07803639146922725,"vol":0.22416041621145544},{"date":1764115200000.0,"price":93.06,"return":0.01038036097748787,"perf":0.08918113395725324,"vol":0.22217863987290512},{"date":1764288000000.0,"price":93.717,"return":0.007035156467475785,"perf":0.09680038038246996,"vol":0.2189597505910007},{"date":1764547200000.0,"price":93.678,"return":-0.00041623309654010014,"perf":0.09634809634809627,"vol":0.21577478409099968},{"date":1764633600000.0,"price":94.653,"return":0.01035420308667258,"perf":0.107655197207436,"vol":0.2139295967306972},{"date":1764720000000.0,"price":94.828,"return":0.001847151426875062,"perf":0.10968467684885597,"vol":0.21061892590668943},{"date":1764806400000.0,"price":95.268,"return":0.0046292482299906765,"perf":0.11478736851871174,"vol":0.20744886169424248},{"date":1764892800000.0,"price":95.682,"return":0.00433622046291355,"perf":0.11958853749898513,"vol":0.20446345460153226},{"date":1765152000000.0,"price":96.518,"return":0.008699326454182183,"perf":0.1292836516717113,"vol":0.20230079347592517},{"date":1765238400000.0,"price":96.727,"return":0.002163058102299589,"perf":0.13170743021489284,"vol":0.19925052804810384},{"date":1765324800000.0,"price":97.076,"return":0.003601599327718255,"perf":0.13575479247121036,"vol":0.19630940737965152},{"date":1765411200000.0,"price":96.725,"return":-0.003622276291513682,"perf":0.131684236161848,"vol":0.1938459113474128},{"date":1765497600000.0,"price":93.933,"return":-0.029290138412442438,"perf":0.09930533811130826,"vol":0.2086178843762968},{"date":1765756800000.0,"price":92.883,"return":-0.01124112556452145,"perf":0.08712846026278842,"vol":0.20822000493228643},{"date":1765843200000.0,"price":93.029,"return":0.0015706358923998132,"perf":0.08882162613505895,"vol":0.205076586063408},{"date":1765929600000.0,"price":91.098,"return":-0.020975422373906802,"perf":0.07520671699776171,"vol":0.21035879237658253},{"date":1766016000000.0,"price":92.37,"return":0.013866400476413016,"perf":0.08995813473425418,"vol":0.2103927346441402},{"date":1766102400000.0,"price":94.231,"return":0.019946963889364948,"perf":0.11154020109243978,"vol":0.2136462181387191},{"date":1766361600000.0,"price":94.884,"return":0.006905878382906712,"perf":0.1191130594115668,"vol":0.21104055654928416},{"date":1766448000000.0,"price":95.414,"return":0.0055702253347547515,"perf":0.12525948346843863,"vol":0.20817726186345584},{"date":1766534400000.0,"price":95.575,"return":0.0016859613709315393,"perf":0.1271266047385451,"vol":0.20503202007572072},{"date":1766707200000.0,"price":95.681,"return":0.0011084620702451725,"perf":0.12835588954991928,"vol":0.20143850351014206},{"date":1766966400000.0,"price":95.174,"return":-0.0053129464002206915,"perf":0.12247619710306279,"vol":0.19912404176803003},{"date":1767052800000.0,"price":94.898,"return":-0.002904164674291366,"perf":0.11927541778288053,"vol":0.19641027875379663},{"date":1767139200000.0,"price":94.011,"return":-0.0093908338780656,"perf":0.10898885525751201,"vol":0.19550955697106615},{"date":1767312000000.0,"price":94.286,"return":0.002920919563452833,"perf":0.11217803755117184,"vol":0.19257179552183532},{"date":1767571200000.0,"price":94.465,"return":0.0018966792616844017,"perf":0.11425390529868151,"vol":0.18937503846291348},{"date":1767657600000.0,"price":95.596,"return":0.011901582652530879,"perf":0.12737014229551558,"vol":0.18897158418421567},{"date":1767744000000.0,"price":95.548,"return":-0.0005022391600989788,"perf":0.12681348502244028,"vol":0.18615619656814708},{"date":1767830400000.0,"price":94.14,"return":-0.014845703044717082,"perf":0.11048487167890153,"vol":0.1883645151041488},{"date":1767916800000.0,"price":95.031,"return":0.00942011818760053,"perf":0.12081782231035976,"vol":0.18699052260487195},{"date":1768176000000.0,"price":95.474,"return":0.004650804950071787,"perf":0.1259553050597828,"vol":0.18442538921473048},{"date":1768262400000.0,"price":95.337,"return":-0.0014359761600901892,"perf":0.12436651242621388,"vol":0.18175298144574395},{"date":1768348800000.0,"price":94.198,"return":-0.012019033016156306,"perf":0.11115749921720064,"vol":0.18245239618780099},{"date":1768435200000.0,"price":94.706,"return":0.005378406223123732,"perf":0.11704878869057977,"vol":0.1801471641139901},{"date":1768521600000.0,"price":94.656,"return":-0.0005280890692112569,"perf":0.11646893736445985,"vol":0.17738121738223558},{"date":1768867200000.0,"price":92.129,"return":-0.02705949825412323,"perf":0.08716325134235592,"vol":0.1902988151363459},{"date":1768953600000.0,"price":93.365,"return":0.013326773836831741,"perf":0.10149717612404174,"vol":0.19076550641924028},{"date":1769040000000.0,"price":94.07,"return":0.007522643312816821,"perf":0.10967307982233354,"vol":0.18885677470930945},{"date":1769126400000.0,"price":94.162,"return":0.0009775171843875686,"perf":0.11074000626239444,"vol":0.18603592985114156},{"date":1769385600000.0,"price":94.841,"return":0.007185102047598961,"perf":0.11861438727110363,"vol":0.18400734694516124},{"date":1769472000000.0,"price":96.022,"return":0.012375526663986832,"perf":0.13231047559405784,"vol":0.1840195997810036},{"date":1769558400000.0,"price":96.68,"return":0.006829223955448915,"perf":0.13994131904579676,"vol":0.18197487470344187},{"date":1769644800000.0,"price":94.887,"return":-0.018719845904250295,"perf":0.11914785049113408,"vol":0.18702106076884295},{"date":1769731200000.0,"price":93.28,"return":-0.017080987328849703,"perf":0.10051142886963782,"vol":0.1904465205121917},{"date":1769990400000.0,"price":93.92,"return":0.006837633477603969,"perf":0.10793352584397353,"vol":0.18836567015059508},{"date":1770076800000.0,"price":91.849,"return":-0.022297431794195424,"perf":0.08391608391608396,"vol":0.19582090148205628},{"date":1770163200000.0,"price":90.016,"return":-0.02015849197814451,"perf":0.06265873430052538,"vol":0.2008268482856326},{"date":1770249600000.0,"price":88.368,"return":-0.0184775191486147,"perf":0.04354683459161057,"vol":0.20354307566324137},{"date":1770336000000.0,"price":92.235,"return":0.042829754914711034,"perf":0.0883925361537301,"vol":0.23254541353067185},{"date":1770595200000.0,"price":93.723,"return":0.016003955297013032,"perf":0.10564891161906087,"vol":0.23280246103534705},{"date":1770681600000.0,"price":93.321,"return":-0.004298460458195356,"perf":0.10098690695705614,"vol":0.2296484882390696},{"date":1770768000000.0,"price":93.388,"return":0.0007176944108307025,"perf":0.10176390773405708,"vol":0.22617893411807233},{"date":1770854400000.0,"price":91.0,"return":-0.025903350806341187,"perf":0.0740702083985667,"vol":0.2340974132999375},{"date":1770940800000.0,"price":91.145,"return":0.0015921384680346643,"perf":0.07575177724431459,"vol":0.23037339981504684},{"date":1771286400000.0,"price":91.18,"return":0.00038392980041056067,"perf":0.07615767317259858,"vol":0.22695949548799263},{"date":1771372800000.0,"price":92.023,"return":0.00920297101895225,"perf":0.08593396653098151,"vol":0.22491354260878518},{"date":1771459200000.0,"price":91.625,"return":-0.004334385597432057,"perf":0.08131834997506648,"vol":0.22183611993588623},{"date":1771545600000.0,"price":91.993,"return":0.0040083269909436114,"perf":0.08558605573530942,"vol":0.21876063846566982},{"date":1771804800000.0,"price":90.652,"return":-0.014684487361075102,"perf":0.07003444316877161,"vol":0.21909569089960232},{"date":1771891200000.0,"price":91.956,"return":0.014282201939583518,"perf":0.0851569657539808,"vol":0.21924768277407344},{"date":1771977600000.0,"price":93.697,"return":0.01875596987977756,"perf":0.10534738892947848,"vol":0.22175779582222996},{"date":1772064000000.0,"price":92.316,"return":-0.01484869739124732,"perf":0.08933189530204455,"vol":0.22242040431422935},{"date":1772150400000.0,"price":90.634,"return":-0.018388055676077392,"perf":0.0698256966913684,"vol":0.22488670934379743},{"date":1772409600000.0,"price":91.53,"return":0.009837368807967291,"perf":0.08021663245543853,"vol":0.22294768630408174},{"date":1772496000000.0,"price":90.257,"return":-0.0140056308646296,"perf":0.06545361769242364,"vol":0.22304950715133182},{"date":1772582400000.0,"price":91.436,"return":0.012978117465743384,"perf":0.079126511962333,"vol":0.2224481391007838},{"date":1772668800000.0,"price":91.453,"return":0.00018590511237914813,"perf":0.07932366141321379,"vol":0.219018241639604},{"date":1772755200000.0,"price":89.677,"return":-0.019610853180570965,"perf":0.058727342309431885,"vol":0.22235813813380367},{"date":1773014400000.0,"price":91.279,"return":0.01770642426183412,"perf":0.07730577879831602,"vol":0.22423327887815173},{"date":1773100800000.0,"price":91.294,"return":0.00016431783487973187,"perf":0.07747973419615217,"vol":0.2208369755679799},{"date":1773187200000.0,"price":91.674,"return":0.004153737772308518,"perf":0.08188660427466399,"vol":0.21764455795705845},{"date":1773273600000.0,"price":89.88,"return":-0.01976335848150399,"perf":0.061081538693478876,"vol":0.22104347319429388},{"date":1773360000000.0,"price":89.105,"return":-0.00865999769206569,"perf":0.05209384313861931,"vol":0.21890716159842125},{"date":1773619200000.0,"price":90.415,"return":0.014594733211880467,"perf":0.06728594788296283,"vol":0.21931459948679982},{"date":1773705600000.0,"price":90.721,"return":0.0033786800094365377,"perf":0.07083463799881717,"vol":0.21623307577077447},{"date":1773792000000.0,"price":89.779,"return":-0.01043776789278521,"perf":0.05991023901471659,"vol":0.2148474208255131},{"date":1773878400000.0,"price":90.013,"return":0.002603009390021028,"perf":0.06262394322095832,"vol":0.21149601833092388},{"date":1773964800000.0,"price":87.944,"return":-0.023253856067052582,"perf":0.03862969534611338,"vol":0.21739457885667574},{"date":1774224000000.0,"price":89.352,"return":0.015883376961962892,"perf":0.054958308689652124,"vol":0.21862518671791217},{"date":1774310400000.0,"price":88.881,"return":-0.005285228845331838,"perf":0.05057440072365438,"vol":0.21573769257620135},{"date":1774396800000.0,"price":89.45,"return":0.006381413561534584,"perf":0.0571731088148999,"vol":0.21333318553577296},{"date":1774483200000.0,"price":86.901,"return":-0.028910270269730483,"perf":0.02761228820930306,"vol":0.2241000312019385},{"date":1774569600000.0,"price":85.023,"return":-0.021847731561781037,"perf":0.00583307240023645,"vol":0.22804454221780113},{"date":1774828800000.0,"price":83.487,"return":-0.018230877009893016,"perf":-0.011979960338169393,"vol":0.22929594025024158},{"date":1774915200000.0,"price":87.11,"return":0.04248075671747713,"perf":0.030036066752484603,"vol":0.2555638180479114},{"date":1775001600000.0,"price":88.225,"return":0.012718681730532973,"perf":0.042966751324960084,"vol":0.2543319923967885},{"date":1775088000000.0,"price":88.974,"return":0.008453822659653222,"perf":0.0516529241902377,"vol":0.25165279704713855},{"date":1775433600000.0,"price":89.42,"return":0.005000178584847551,"perf":0.05682519801922781,"vol":0.24827507442486796},{"date":1775520000000.0,"price":89.698,"return":0.0031041014663085306,"perf":0.060049171392454914,"vol":0.24468517326540204},{"date":1775606400000.0,"price":92.277,"return":0.028346450752030603,"perf":0.08995790279372362,"vol":0.2534232659389569},{"date":1775692800000.0,"price":92.408,"return":0.001418631962205634,"perf":0.091477113268158,"vol":0.2496153966358347},{"date":1775779200000.0,"price":92.798,"return":0.004211532849395941,"perf":0.09599995361189384,"vol":0.24612112716578607},{"date":1776038400000.0,"price":94.669,"return":0.019961509240890872,"perf":0.1176979902353037,"vol":0.2475215494830747},{"date":1776124800000.0,"price":96.139,"return":0.015408463837236786,"perf":0.13474561922323103,"vol":0.247212568229837},{"date":1776211200000.0,"price":97.885,"return":0.017998259314603006,"perf":0.15499402753134106,"vol":0.2478548939361293},{"date":1776297600000.0,"price":98.874,"return":0.010052992028142044,"perf":0.16646348676199407,"vol":0.2455033663682805},{"date":1776384000000.0,"price":100.577,"return":0.017077291038956346,"perf":0.1862132229296407,"vol":0.24570916368254922},{"date":1776643200000.0,"price":101.02,"return":0.004394913744302013,"perf":0.19135070567906376,"vol":0.2421842347591636},{"date":1776729600000.0,"price":100.899,"return":-0.0011985005322305063,"perf":0.18994746546985342,"vol":0.23878060746090665},{"date":1776816000000.0,"price":102.906,"return":0.019695933670323035,"perf":0.21322269770030977,"vol":0.24057320779572017},{"date":1776902400000.0,"price":101.448,"return":-0.014269598245400578,"perf":0.19631423303065088,"vol":0.24044853063332022},{"date":1776988800000.0,"price":104.035,"return":0.025181029053946757,"perf":0.22631574064409876,"vol":0.24592712637689276},{"date":1777248000000.0,"price":104.195,"return":0.0015367625365078949,"perf":0.2281712648876828,"vol":0.24244824273074844},{"date":1777334400000.0,"price":102.547,"return":-0.01594291345499874,"perf":0.209059365178768,"vol":0.24360363939888613},{"date":1777420800000.0,"price":103.006,"return":0.004466008892159158,"perf":0.21438240035254963,"vol":0.2402718068317681},{"date":1777507200000.0,"price":103.056,"return":0.0004852908443213088,"perf":0.21496225167866956,"vol":0.23675350786397623},{"date":1777593600000.0,"price":104.724,"return":0.016055788164639744,"perf":0.2343060919180322,"vol":0.2364985299103631},{"date":1777852800000.0,"price":104.824,"return":0.0009544353331094173,"perf":0.23546579457027206,"vol":0.2329803508574456},{"date":1777939200000.0,"price":106.682,"return":0.0175696934923373,"perf":0.25701306984889083,"vol":0.2328385387386828},{"date":1778025600000.0,"price":109.428,"return":0.025414351944907456,"perf":0.2888585046794001,"vol":0.23849922129894735},{"date":1778112000000.0,"price":109.369,"return":-0.0005393127093154325,"perf":0.2881742801145786,"vol":0.23427878845661002},{"date":1778198400000.0,"price":112.305,"return":0.026490898320544964,"perf":0.322223149984344,"vol":0.24022626803282768},{"date":1778457600000.0,"price":113.583,"return":0.011315462850606507,"perf":0.3370441498799708,"vol":0.23838235882254497},{"date":1778544000000.0,"price":112.165,"return":-0.012562845736095927,"perf":0.320599566271208,"vol":0.23788635224642515},{"date":1778630400000.0,"price":113.314,"return":0.010191724689706576,"perf":0.33392454974544505,"vol":0.23532790683271218},{"date":1778716800000.0,"price":115.052,"return":0.01522147392150137,"perf":0.3540801818413759,"vol":0.23328617107888683},{"date":1778803200000.0,"price":113.174,"return":-0.01645774266713795,"perf":0.3323009660323093,"vol":0.2355894421313954},{"date":1779062400000.0,"price":111.995,"return":-0.010472229967909035,"perf":0.31862807176240016,"vol":0.2340951781131122},{"date":1779148800000.0,"price":111.386,"return":-0.0054525810953417525,"perf":0.31156548261025874,"vol":0.23108490275822588},{"date":1779235200000.0,"price":113.693,"return":0.02050018699186078,"perf":0.33831982279743467,"vol":0.2331501423463033},{"date":1779321600000.0,"price":114.353,"return":0.005788322029379296,"perf":0.34597386030221844,"vol":0.22879498437907336},{"date":1779408000000.0,"price":115.611,"return":0.010940952053274163,"perf":0.3605629196673974,"vol":0.22653569183659275},{"date":1779753600000.0,"price":117.908,"return":0.0196735519343923,"perf":0.3872012895893493,"vol":0.22826325542908657},{"date":1779840000000.0,"price":117.239,"return":-0.0056900730607913706,"perf":0.3794428788458639,"vol":0.22614653436659277},{"date":1779926400000.0,"price":118.807,"return":0.0132857414573981,"perf":0.3976270164329865,"vol":0.22463752421014424},{"date":1780012800000.0,"price":120.915,"return":0.017587491652072615,"perf":0.4220735483422051,"vol":0.22506644259135022},{"date":1780272000000.0,"price":124.041,"return":0.02552433671158817,"perf":0.45832585325122643,"vol":0.2301328000349446},{"date":1780358400000.0,"price":125.619,"return":0.012641360363445882,"perf":0.476625961103573,"vol":0.22802818778445422},{"date":1780444800000.0,"price":123.761,"return":-0.014901230091402857,"perf":0.4550786858249545,"vol":0.23018860199312052},{"date":1780531200000.0,"price":122.673,"return":-0.008830007784506468,"perf":0.4424611209685836,"vol":0.22897003728010148},{"date":1780617600000.0,"price":115.142,"return":-0.06335612934792635,"perf":0.35512391422839173,"vol":0.2889426269299159},{"date":1780876800000.0,"price":117.109,"return":0.016938975782270393,"perf":0.37793526539795197,"vol":0.28756773711407246},{"date":1780963200000.0,"price":114.852,"return":-0.0194607820353731,"perf":0.35176077653689597,"vol":0.2892809764311236},{"date":1781049600000.0,"price":112.205,"return":-0.0233167876262299,"perf":0.3210634473321039,"vol":0.2929805870481315},{"date":1781136000000.0,"price":115.931,"return":0.032667631164503864,"perf":0.36427396815456503,"vol":0.30098218734479276},{"date":1781222400000.0,"price":116.6,"return":0.005754087376348077,"perf":0.3720323788980504,"vol":0.2965800993411321},{"date":1781481600000.0,"price":120.585,"return":0.033605624531641905,"perf":0.418246529589813,"vol":0.30405572099867295},{"date":1781568000000.0,"price":117.669,"return":-0.024479300351130495,"perf":0.38442960025049566,"vol":0.3082183790491316},{"date":1781654400000.0,"price":116.79,"return":-0.007498147806429194,"perf":0.37423581393730654,"vol":0.3047004691554225},{"date":1781740800000.0,"price":119.896,"return":0.02624725005222096,"perf":0.4102561783158798,"vol":0.3069691624784531},{"date":1782172800000.0,"price":115.931,"return":-0.003693647086957076,"perf":0.36427396815456503,"vol":0.30291525858432095},{"date":1782259200000.0,"price":115.13,"return":-0.006933261854470773,"perf":0.3565897783808232,"vol":0.299396040808745},{"date":1782345600000.0,"price":115.47,"return":0.002948831278191432,"perf":0.3605327673984391,"vol":0.2948798144504687},{"date":1782432000000.0,"price":113.86,"return":-0.014041132440828608,"perf":0.34186155469737556,"vol":0.293724931579241},{"date":1782691200000.0,"price":116.5,"return":0.022921649482819384,"perf":0.37247770471651065,"vol":0.2949624791556154},{"date":1782777600000.0,"price":119.52,"return":0.025592448378751877,"perf":0.40750072481415756,"vol":0.2974007210416243},{"date":1782864000000.0,"price":117.22,"return":-0.019431210336224025,"perf":0.3808275638126384,"vol":0.29880010007444124},{"date":1782950400000.0,"price":114.64,"return":-0.02225572752836678,"perf":0.35090723538484725,"vol":0.3018048204042411},{"date":1783296000000.0,"price":116.37,"return":0.01497798660006914,"perf":0.3709700912685987,"vol":0.29937604743151375},{"date":1783382400000.0,"price":114.06,"return":-0.020050144391592764,"perf":0.3441809600018555,"vol":0.30096644415891766},{"date":1783468800000.0,"price":115.47,"return":0.012286130235371598,"perf":0.3605327673984391,"vol":0.2978091154679966},{"date":1783555200000.0,"price":117.71,"return":0.019213216460624696,"perf":0.3865101068086143,"vol":0.2969329494809333},{"date":1783641600000.0,"price":118.08,"return":0.003138388427773087,"perf":0.3908010066219021,"vol":0.29247305551605807},{"date":1783900800000.0,"price":115.58,"return":-0.021399429962530477,"perf":0.361808440315903,"vol":0.29516676654741497},{"date":1783987200000.0,"price":117.11,"return":0.01315073316441405,"perf":0.3795518908951745,"vol":0.2923269706948826},{"date":1784073600000.0,"price":116.5,"return":-0.0052223910482906725,"perf":0.37247770471651065,"vol":0.2885093068991456},{"date":1784160000000.0,"price":114.24,"return":-0.019589774414480995,"perf":0.3462684247758874,"vol":0.2901884031238148},{"date":1784246400000.0,"price":113.1,"return":-0.01002911546919945,"perf":0.3330478145403517,"vol":0.2875928816541186},{"date":1784505600000.0,"price":113.23,"return":0.0011487652038735803,"perf":0.3345554279882639,"vol":0.2832477674074431},{"date":1784592000000.0,"price":116.01,"return":0.02425524596136729,"perf":0.36679516172053495,"vol":0.28556222225573785},{"date":1784678400000.0,"price":115.62,"return":-0.003367442632985377,"perf":0.3622723213767991,"vol":0.2815637866098641},{"date":1784764800000.0,"price":114.39,"return":-0.01069528911674803,"perf":0.3480079787542474,"vol":0.2793940361498287},{"date":1784851200000.0,"price":113.3,"return":-0.009574494503621465,"perf":0.33536721984483187,"vol":0.2768845876494258},{"date":1785110400000.0,"price":112.42,"return":-0.007797310460031618,"perf":0.3251618365051201,"vol":0.27383659902544727},{"date":1785196800000.0,"price":110.87,"return":-0.013883513789668652,"perf":0.30718644539540074,"vol":0.27275741440467505},{"date":1785283200000.0,"price":108.2,"return":-0.024376977371879088,"perf":0.27622238458059356,"vol":0.2774106046478121},{"date":1785369600000.0,"price":113.58,"return":0.048526068036905366,"perf":0.3386143872711036,"vol":0.3027701218140646},{"date":1785456000000.0,"price":113.15,"return":-0.003793062369740004,"perf":0.33362766586647186,"vol":0.29855354206079177},{"date":1785715200000.0,"price":115.14,"return":0.01743440716811715,"perf":0.3567057486460472,"vol":0.2971955392895043},{"date":1785801600000.0,"price":120.15,"return":0.04259218293481445,"perf":0.41480685152326946,"vol":0.31301690441113533},{"date":1785888000000.0,"price":119.72,"return":-0.0035852791979798407,"perf":0.4098201301186375,"vol":0.30858606852434145},{"date":1785974400000.0,"price":119.6,"return":-0.0010028414679668885,"perf":0.4084284869359496,"vol":0.3039816479298664},{"date":1786060800000.0,"price":121.45,"return":0.01534981393165027,"perf":0.42988298600238894,"vol":0.300971481675197},{"date":1786320000000.0,"price":120.25,"return":-0.00992974646231102,"perf":0.4159665541755093,"vol":0.2983158437248981},{"date":1786406400000.0,"price":120.17,"return":-0.0006655020626621075,"perf":0.4150387920537175,"vol":0.29390444836382723},{"date":1786492800000.0,"price":121.6,"return":0.011829562608858289,"perf":0.43162253998074895,"vol":0.29063382695949663},{"date":1786579200000.0,"price":122.99,"return":0.011366081722252466,"perf":0.4477424068468845,"vol":0.2869877145498619},{"date":1786665600000.0,"price":122.56,"return":-0.0035023452620379153,"perf":0.44275568544225274,"vol":0.2831583651593696},{"date":1786924800000.0,"price":122.54,"return":-0.00016319869477264169,"perf":0.4425237449118047,"vol":0.2789829726503822},{"date":1787011200000.0,"price":119.79,"return":-0.02269729755426889,"perf":0.4106319219752057,"vol":0.2833183397795452},{"date":1787097600000.0,"price":118.8,"return":-0.008298802814695179,"perf":0.3991508657180298,"vol":0.2804656873788883},{"date":1787184000000.0,"price":118.36,"return":-0.0037105793965356015,"perf":0.39404817404817405,"vol":0.2767088355886187},{"date":1787270400000.0,"price":118.42,"return":0.0005067995716212263,"perf":0.394743995639518,"vol":0.2725445109187327},{"date":1787529600000.0,"price":116.42,"return":-0.017033285260040592,"perf":0.37154994259471885,"vol":0.27350280620301237},{"date":1787616000000.0,"price":117.51,"return":0.009319094502260187,"perf":0.38419070150413437,"vol":0.2699812524315299},{"date":1787702400000.0,"price":117.99,"return":0.004076438765978088,"perf":0.38975727423488604,"vol":0.26574700338207524},{"date":1787788800000.0,"price":121.91,"return":0.03268319246522707,"perf":0.4352176182026928,"vol":0.2749105539672385},{"date":1787875200000.0,"price":120.07,"return":-0.0152081615344283,"perf":0.41387908940147744,"vol":0.27496986043554317},{"date":1788134400000.0,"price":120.49,"return":0.003491855892558522,"perf":0.4187498405408854,"vol":0.27083446143600703},{"date":1788220800000.0,"price":118.87,"return":-0.013536302942652054,"perf":0.39996265757459804,"vol":0.27020902945414893},{"date":1788307200000.0,"price":119.13,"return":0.00218487481873667,"perf":0.4029778844704217,"vol":0.2661238901356635}]},"stats":{"perf":0.7944407063128378,"perfRankLabel":"Strong","perfRankKey":"high","vol":0.49595378464227236,"volRankLabel":"High Risk","volRankKey":"high"},"history":[{"date":1784851200000.0,"perf":0.0},{"date":1785110400000.0,"perf":-0.03453685756595459},{"date":1785196800000.0,"perf":-0.12654228139855384},{"date":1785283200000.0,"perf":-0.21888748222661292},{"date":1785369600000.0,"perf":-0.08148686667236105},{"date":1785456000000.0,"perf":-0.07550156009715858},{"date":1785715200000.0,"perf":-0.05579004866230286},{"date":1785801600000.0,"perf":0.07125176732073313},{"date":1785888000000.0,"perf":0.024860063589317805},{"date":1785974400000.0,"perf":0.02993593617458412},{"date":1786060800000.0,"perf":0.09440338545736082},{"date":1786320000000.0,"perf":0.0907782429032008},{"date":1786406400000.0,"perf":0.09405271714661911},{"date":1786492800000.0,"perf":0.10097872739334879},{"date":1786579200000.0,"perf":0.09266708072475127},{"date":1786665600000.0,"perf":0.09453651293993126},{"date":1786924800000.0,"perf":0.13454621796188293},{"date":1787011200000.0,"perf":0.0182932106453102},{"date":1787097600000.0,"perf":-0.03180513948590413},{"date":1787184000000.0,"perf":-0.030105258852345718},{"date":1787270400000.0,"perf":-0.04206151582999795},{"date":1787529600000.0,"perf":-0.09031471530876134},{"date":1787616000000.0,"perf":-0.08860497238631604},{"date":1787702400000.0,"perf":-0.08910705496474791},{"date":1787788800000.0,"perf":-0.08529392567205751},{"date":1787875200000.0,"perf":-0.09007752068854469},{"date":1788134400000.0,"perf":-0.08943897871667983},{"date":1788220800000.0,"perf":-0.0950676430614309},{"date":1788307200000.0,"perf":-0.12342908490149795},{"date":1788393600000.0,"perf":-0.12342908490149795}],"viewType":"Sectors","viewLevel":"Level2","showYieldCurve":false}