Tomorrow, 11 AM ET: Inside The AI Hardware Wall (CE Credit Approved)
A sponsored Lead-Lag Live webinar with Derek Yan, CFA of KraneShares on AGIX, the AI ETF holding direct stakes in Anthropic, SpaceX, and Nuro. 1 CFP / CIMA CE credit available.
Live CE-Credit Webinar | Wednesday, May 20, 2026 | 11:00 AM ET
1 CFP CE Credit | 1 CIMA CE Credit | Approved
The conversation around AI has been dominated by software. The bottleneck is hardware.
Cerebras and OpenAI just contracted 750 megawatts of inference capacity with a scale option to 2 gigawatts by 2030. That is not a software deal. That is a power, packaging, memory, and optical-comm deal. The companies that solve the physical wall are the companies that get paid.
On Wednesday, May 20 at 11:00 AM ET, Derek Yan, CFA (Senior Investment Strategist at KraneShares) and Max Chen (Partner at Etna Capital Management, the AGIX sub-advisor) will walk through how the KraneShares AGIX ETF is positioned for the industrial build-out story that comes next.
What You Will Learn
· The Physical Wall: the four constraints capping AI scale, HBM capacity, advanced wafers and packaging, power and power electronics, optical comm and protocol.
· Why AGIX is not another mega-cap tech fund: 55 percent of holdings sit outside the Nasdaq 100, mega-cap tech allocation cut from 24.9 percent to 21.9 percent.
· The private sleeve: Anthropic at 2.76 percent (revenue running roughly 30 billion annualized per Sacra), SpaceX/xAI at 3.56 percent, Nuro at 0.97 percent. Most public AI ETFs cannot hold these names. AGIX does.
· Hardware sleeve names: Teradyne, Nittobo, Texas Instruments, Tower Semiconductor.
· Edge sleeve names: Renesas, Nuro, Cloudflare.
· Performance year to date: AGIX plus 28.88 percent versus the public equity index at plus 17.73 percent (as of 5/7/2026). The private sleeve added roughly 10 points of that gap.
· How SEC Rule 22e-4 shapes the 15 percent illiquid cap and why that matters for an ETF holding private positions.
Who Should Attend
· Financial advisors and wealth managers earning CFP or CIMA CE credit.
· Allocators evaluating AI exposure beyond the Magnificent Seven.
· Anyone trying to figure out how to own Anthropic, SpaceX, and xAI inside a 1940 Act ETF wrapper.
Details
· Date: Wednesday, May 20, 2026
· Time: 11:00 AM ET
· Duration: 60 minutes
· Format: Live Zoom webinar with Q and A
· CE Credit: 1 CFP CE + 1 CIMA CE (approved)
· Cost: Free
Why This Episode Matters Now
Most AI exposure in advisor portfolios looks the same. Nvidia, Microsoft, Alphabet, Meta. Concentration risk inside concentration risk.
AGIX is built for the next leg of the trade. 57 holdings as of 3/31/2026, up from 52. Top-ten concentration sits at 34.8 percent. The portfolio reaches into hardware, edge compute, and the private AI names that drive the actual revenue, Anthropic running roughly 30 billion in annualized revenue, SpaceX and xAI, Nuro on the autonomous side.
If the physical wall is the bottleneck, you want to own the companies removing it.
See you Wednesday.
Michael A. Gayed, CFA
Publisher, The Lead-Lag Report
This webinar is sponsored content paid for by KraneShares. CE credit is offered through approved CFP Board. Past performance does not guarantee future results. Please review the AGIX prospectus before investing.