##  [# Defiance Launches First AI Power Infrastructure ETF](/sections/etf-watch/defiance-launches-first-ai-power-infrastructure-etf) 

 

# Defiance Launches First AI Power Infrastructure ETF

 

 

\- Defiance ETFs has debuted AIPO, targeting AI power infrastructure companies.  
\- The fund focuses on the electrical grid, data center and AI hardware sectors.  
\- The ETF carries a 0.69% expense ratio with 52 current holdings.



 

 

 

 

 [![DJ](/sites/default/files/styles/author_image_icon/public/2024-07/5.png?itok=LA-jevm_)](/authors/dj-shaw) 

[By DJ Shaw ](/authors/dj-shaw)

 Jul 25, 2025

 Edited by: David Tony

 

 

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[Defiance ETFs](/topics/defiance-etfs) launched the [**Defiance AI &amp; Power Infrastructure ETF (AIPO)**](/aipo), marking the first exchange-traded fund designed to capture companies powering artificial intelligence infrastructure, according to a Friday [press release](https://www.globenewswire.com/news-release/2025/07/25/3121696/0/en/Defiance-Launches-AIPO-The-First-ETF-Focused-on-AI-Power-Infrastructure.html).

The new ETF addresses growing power demands from AI technologies by investing in companies across four key sectors: power generation and electric grid equipment, construction and engineering services, electric utilities and power producers, and data centers with AI hardware, according to the prospectus.

As [artificial intelligence](/topics/artificial-intelligence) adoption accelerates across industries, the underlying infrastructure supporting these technologies faces unprecedented energy demands, according to Defiance. Data centers housing AI computing systems require massive electrical capacity, while the broader electrical grid needs upgrading to handle increased power loads.

This [infrastructure](/topics/infrastructure) bottleneck has created investment opportunities in companies building and maintaining the power systems that enable AI operations, the press release stated.

## AIPO: AI Power Infrastructure Strategy

The fund tracks the MarketVector US Listed AI and Power Infrastructure Index, which allocates 50% to power generation and electrical grid companies, 20% to data centers and AI hardware firms, and 15% each to construction services and electric utilities, according to the prospectus.

AIPO holds 52 companies ranging from $151 million to $3.4 trillion in market capitalization, according to the prospectus. [GE Vernova (GEV)](/stock/gev) represents the largest holding at 9%, followed by [Eaton Corp. PLC (ETN)](/stock/etn) at 8.2% and [Quanta Services Inc. (PWR)](/stock/pwr) at 7.9%, according to Defiance.

### AIPO Top 10 Holdings

**Ticker**

**Name**

**ETF Weight**

GEV

GE Vernova Inc.

9%

ETN

Eaton Corp. Plc

8.2%

PWR

Quanta Services Inc.

7.9%

VRT

Vertiv Holdings Co.

6.1%

CCJ

Cameco Corp.

4.8%

NVDA

Nvidia Corp.

4.2%

AVGO

Broadcom Inc.

3.9%

CEG

Constellation Energy Corp.

3.4%

HUBB

Hubbell Inc.

2.9%

VST

Vistra Corp.

2.6%

*Source:* [*Defiance ETFs*](https://www.defianceetfs.com/aipo-full-holdings/)

The fund requires companies to generate at least 50% of revenue from qualifying power infrastructure activities, according to the prospectus. Nuclear reactor technology producers must focus on equipment used in electric power generation, while industrial battery companies need revenue from charging equipment and energy storage solutions.

[NVIDIA Corp. (NVDA)](/stock/nvda) appears among the top holdings at 4.2%, alongside other [semiconductor](/topics/semiconductors) companies like [Broadcom Inc. (AVGO)](/stock/avgo) at 3.9% and [Advanced Micro Devices Inc. (AMD)](/stock/amd) at 2.1%, according to Defiance.

 
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## Targeting Power Grid Modernization

Companies qualifying for the electrical grid equipment category include producers of uranium and nuclear fuel, power supplies, thermal management systems, and electric transmission and distribution equipment, according to the prospectus.

The construction and engineering category captures firms providing services for building electric grid infrastructure and data centers, while the electric utilities segment focuses on nuclear energy generators and independent power producers, the prospectus stated.

Data center operators must own or operate facilities excluding those used primarily for cryptocurrency mining or simple collocation services, according to Defiance. The AI hardware category includes companies designing and selling specialized computer components like semiconductor chips used for artificial intelligence tasks.

The ETF carries a 0.69% annual expense ratio and rebalances quarterly, according to the prospectus. Nuclear energy companies including [Cameco Corp. (CCJ)](/stock/ccj) at 4.8%, [Constellation Energy Corp. (CEG)](/stock/ceg) at 3.4% and newer entrants like [Oklo Inc. (OKLO)](/stock/oklo) at 1.8% reflect the fund's exposure to clean power generation, according to Defiance.



 

 

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 Related Topics  [Defiance](http://www.etf.com/topics/defiance) 

 [Artificial Intelligence](http://www.etf.com/topics/artificial-intelligence) 

 [Infrastructure](http://www.etf.com/topics/infrastructure) 

 [Semiconductors](http://www.etf.com/topics/semiconductors)