Gaming ETF GAMR Gains as AMD, Chip Stocks Rally

The VettaFi Video Game Leaders Index, tracked by the Amplify Video Game Leaders ETF (GAMR), rose 11.54% in May, according to VettaFi data. Technology stocks, which account for about 47% of the index, returned 25.5% and contributed 11.32 percentage points to the index’s performance.

Advanced Micro Devices was the largest contributor. AMD climbed 43.2% in May and had an average index weight of 19.8%, adding 7.54 percentage points to the monthly return, roughly two-thirds of the gain. On May 5 AMD reported first-quarter revenue of $10.3 billion, a 38% increase year-over-year, and Data Center revenue of $5.8 billion, up 57%.

AMD announced more than $10 billion in investments tied to Taiwan for next-generation AI chip production.

Other technology names also contributed. AppLovin rose 33.3% in May, held a 4.9% average weight in the index and added about 1.54 percentage points. AppLovin reported first-quarter revenue of $1.84 billion, up 59% year-over-year, net income of $1.2 billion and free cash flow of $1.3 billion.

Nvidia, with a 10.54% average weight, gained 6.4% and contributed roughly 0.70 percentage points after reporting fiscal first-quarter revenue of $81.6 billion, up 85% year-over-year. Microsoft, at a 9.27% average weight, rose 8.9% and added about 0.79 percentage points. Asustek, with a 2.55% average weight, jumped 32.5% and contributed roughly 0.76 percentage points.

The index includes chipmakers and hardware firms alongside game developers, increasing its exposure to companies linked to semiconductors and data-center technologies.

VettaFi LLC is the index provider for the VettaFi Video Game Leaders Index and receives a licensing fee from the ETF. VettaFi does not issue, sponsor, endorse or sell GAMR and has no obligation or liability related to the ETF’s issuance, administration, marketing or trading.