Roundhill Neocloud ETF (NCLD) perpetual market

The Roundhill Neocloud ETF is an actively managed exchange-traded fund from Roundhill Investments that concentrates on so-called neocloud companies, the specialized providers building the infrastructure behind artificial intelligence and high-performance computing. Its holdings focus on businesses offering GPU-as-a-service platforms, high-density data centers, AI compute capacity, advanced cooling systems, power infrastructure and high-speed networking, generally targeting firms that derive a substantial share of their revenue from these activities. Rather than tracking a fixed index, the fund is managed to select companies its adviser views as central to the expansion of AI computing demand, giving investors thematic exposure to the picks-and-shovels layer of the AI buildout. Listed on the Nasdaq, it packages a basket of these infrastructure-oriented names into a single tradable fund for investors seeking dedicated exposure to the cloud and data-center capacity supporting AI workloads.