Investing in OpenAI: discover the ETF gathering the giant partners

As OpenAI establishes itself in 2026 as a key player in the global technological revolution, enthusiasm for this gem of artificial intelligence continues to grow in financial circles. With a historic valuation now approaching 500 billion dollars, Sam Altman’s startup fascinates as much for its technological prowess as for the scale of its strategic partnerships. Yet, its private status prevents any direct purchase of shares on traditional stock markets such as Nasdaq or the New York Stock Exchange. Faced with this situation, savvy investors have found an ingenious way: going through a specific ETF that brings together OpenAI’s giant partners. This article guides you through the discovery of this innovative gateway by detailing the mechanisms of indirect investment via this ETF, its key players, its risks, and its outlook.

In a context where artificial intelligence is disrupting industrial and financial sectors, understanding how to invest in OpenAI through this ETF proves crucial to grasp the opportunities offered by this technological revolution. We will notably explore the composition of this ETF, the strategic importance of its major holdings such as Microsoft, NVIDIA, and Broadcom, as well as the impressive performance of this fund since its launch. Special attention will be given to financial issues, terms, and risks related to this investment, while placing OpenAI in a dynamic and rapidly growing ecosystem. This comprehensive overview thus clarifies the reasons why betting on this fund allows one to ride the wave of innovation without going through a direct stock market listing, which remains uncertain.

Investing in OpenAI: the reality of the impossibility of direct stock purchase

OpenAI has established itself in recent years as a flagship of innovation in the field of artificial intelligence. Yet, despite its prestige, the company remains inaccessible to individual investors via traditional financial markets. OpenAI is a private company, whose shares are neither listed nor traded on public markets such as Nasdaq or the New York Stock Exchange.

This situation naturally raises a question: how to benefit from OpenAI’s growth and success if no direct securities are available? The answer lies in the realm of indirect investments. Unlike classic startups seeking an IPO to raise funds, OpenAI favors a private financing model, notably with fundraisings from institutional and strategic investors. This choice allows them to maintain tight control over their innovation strategy and business model, while avoiding the pressure and volatility of public financial markets.

Moreover, this confidentiality protects the firm from sudden fluctuations linked to speculation and regulatory requirements that are often restrictive for listed companies. For the investor, this means that direct purchase of OpenAI shares is reserved for an elite of private investors, often in the form of private placements or dedicated funds. These options, very little accessible to the general public, are not a viable solution for an individual wishing to participate in this exceptional venture.

It is thus essential to understand that the absence of listing does not equate to a lack of meaningful financial opportunities. Indeed, the enthusiasm around OpenAI makes the company attractive, but it is its ecosystem of technological and financial partners that offer tangible indirect investment levers. These allies, often giants of the technology sector, play a crucial role in the development and commercialization of OpenAI’s innovations. Understanding this network thus allows for grasping an alternative investment strategy that capitalizes on the importance of actors around OpenAI, without owning a direct share.

Another important aspect is that OpenAI’s business model heavily relies on exclusive contracts and strategic partnerships, notably with Microsoft. This company has invested heavily and now holds a significant stake in OpenAI, in addition to providing the essential cloud infrastructure for the operation of developed AIs. The importance of this link is also reflected in the stock markets via Microsoft shares, which thus become an indirect but powerful vector of exposure to OpenAI’s advances.

Finally, beyond Microsoft, other major technology firms such as NVIDIA, a leader in manufacturing specialized chips for AI, and Broadcom, supplying dedicated equipment, also allow investors to bet on OpenAI’s growth, though always indirectly. This complexity thus leads to turning to innovative financial products that group these various strategic assets, offering precise diversification to best benefit from the spillovers of the AI revolution.

ETF Alger AI Enablers & Adopters (ALAI): an innovative window for indirect investment in OpenAI

Faced with the impossibility of directly acquiring OpenAI shares, one solution clearly stands out: the ETF Alger AI Enablers & Adopters, known by the acronym ALAI. This ETF was specifically designed to allow investors to access the vertiginous growth of artificial intelligence by betting on companies that finance, support, or technologically contribute to the development of OpenAI.

Concretely, this ETF groups a rigorous selection of companies involved in hardware infrastructures, software solutions, or strategic alliances with OpenAI. It is therefore an innovative product that does not hold OpenAI shares as such but relies on the strength and reach of giant partners, offering indirect exposure to the startup’s advances.

This approach is particularly interesting since it combines the diversification and risk management associated with ETFs, with a deliberate concentration around key actors capable of directly impacting OpenAI’s performance. The fund selects large-cap companies engaged at different levels in the AI value chain:

• Microsoft: main shareholder with 27% of OpenAI’s capital, but also exclusive supplier of cloud infrastructures via Azure.
• NVIDIA: leader in manufacturing highly specialized chips that power AI data centers essential to OpenAI.
• Broadcom: key player in producing custom AI accelerators, in technological partnership with OpenAI.
• Other technological and financial firms with a strategic role in the AI value chain.

Through this targeted composition, ALAI guarantees strong exposure to OpenAI’s dynamics, in a stock market framework accessible to all. This ETF displays active management, meaning its portfolio is regularly revised to adapt to the rapid evolution of the sector and optimize returns against the significant volatility of this cutting-edge industry.

Numbers testify to the growing success of this strategy: since its launch in April 2024, ALAI has seen its assets under management exceed 283 million dollars, and attracted more than 265 million dollars of net inflows. This demonstrates the massive interest of investors for this kind of thematic exposure to artificial intelligence.

Management fees remain reasonable in the context, around 0.55%, an acceptable compromise for such a specialized and dynamic fund. This combination attracts both individual investors eager to benefit from the rise of AI, and institutional investors seeking financial innovation and diversification. The ETF’s performance even invites optimism as it exceeded 40% return over one year in 2025, a score largely superior to comparable generalist ETFs which hover around 18%.

However, it must be kept in mind that the strong concentration on a few leading companies implies certain volatility and increased risks in case of technological or geopolitical turnaround. The ETF is thus adapted to investor profiles willing to tolerate significant stock market fluctuations, in exchange for a high growth potential in a disruptive sector.

Detailed composition of the ETF and weight of giant partners

Company	Weight in ALAI ETF (%)	Strategic role regarding OpenAI	Impact on performance
Microsoft	9.7	Main shareholder with 27% of OpenAI, Azure API exclusivity, service contracts	Very high, main driver of the fund
NVIDIA	11.4	Supplier of chips for AI, massive deployment of systems (10 GW)	High, technological leader
Broadcom	4.28	Develops custom AI accelerators with OpenAI	Moderate but strategic
Other technological partners	About 10	Indirect hardware and financial support	Variable
Other financial actors	About 10	Institutional investors, capital providers	Moderate

Why choose an ETF to invest in artificial intelligence and OpenAI?

Choosing to invest via an ETF rather than by individual shares is explained by several advantages particularly suited to the field of artificial intelligence, and even more so to OpenAI’s specific issue.

Firstly, diversification is at the heart of the approach. While betting on a single stock involves a high concentration risk, the ETF allows spreading investments between several key players, thus limiting dependence on the performance of a single company. In particular, in a field as innovative and volatile as AI, this strategy moderates exposure to market fluctuations and technological uncertainties.

Secondly, financial accessibility is another major asset. ETFs are listed on stock exchanges and can be easily bought and sold, often with low brokerage fees. This allows a wide range of investors, from novices to professionals, to participate in AI’s exponential growth without requiring substantial capital or advanced portfolio management expertise.

Thirdly, the Alger AI Enablers & Adopters ETF offers active management with a dedicated team that continuously adjusts the portfolio according to market opportunities and threats. This flexibility is essential in a sector where constant innovation and technological upheavals can rapidly reshuffle the cards.

Finally, the regulatory aspect and transparency of ETFs provide investors with legal security and ease of monitoring. Unlike private placements in unlisted companies like OpenAI, ETFs are subject to the strict rules of financial markets, thereby providing regular reports and clear access to investment information.

Thanks to these factors, the ALAI ETF appears as a solution as pragmatic as it is promising for all those wishing to bet on the future of artificial intelligence, without needing direct access to OpenAI, and minimizing some risks inherent to private placements.

Strategic challenges of partnerships between OpenAI and technology giants

The alliances formed by OpenAI with several tech giants are not merely commercial collaborations but strategic partnerships that define the future of artificial intelligence on a global scale. Understanding these challenges helps grasp why investing in OpenAI’s partners via an ETF represents a solid bet.

Microsoft unquestionably positions itself as the key partner. In addition to holding 27% of OpenAI’s capital, the company has obtained exclusive rights to the Azure API and holds intellectual property licenses intersecting the interests of both entities up to the achievement of artificial general intelligence (AGI). The service contracts between OpenAI and Microsoft amount to approximately 250 billion dollars, highlighting the scale of their mutual financial commitments.

These ties go far beyond a simple financial partnership. They embody a deep integration where OpenAI technology is incorporated into Microsoft’s ecosystem, notably its cloud services and productivity solutions such as Office 365. In other words, OpenAI’s growth is a direct driver of Microsoft’s commercial development.

On the hardware side, NVIDIA plays an indispensable role. To meet OpenAI’s colossal computing power needs, NVIDIA deploys facilities capable of reaching 10 gigawatts, with investments nearing 100 billion dollars. These infrastructures are vital to training and running sophisticated AI models, constantly pushing the limits of available technology.

Broadcom, more discreet, occupies a strategic place by developing tailored AI accelerators, finalized in collaboration with OpenAI. The expected rollout starting in the second half of 2026 marks a new step planned to significantly increase the performance and efficiency of AI systems.

This triple alliance – Microsoft, NVIDIA, Broadcom – crystallizes a shared vision where finance, technology, and innovation combine to propel AI to new heights. For investors, understanding this synergy translates into an informed positioning on actors capable both of supporting and amplifying OpenAI’s rise, which reinforces confidence in ETFs focused on these partners.

Focus on the financial and technological levers carried by Microsoft and NVIDIA

Microsoft and NVIDIA, two major pillars of the ALAI ETF, constitute both the essential financial and technological levers to apprehend OpenAI’s future. Microsoft holds almost a quarter of OpenAI’s capital, which translates into a unique strategic position. This role as principal shareholder is not a mere stance; it also guarantees a massive supply of capital and software resources. Microsoft benefits in return from the direct integration of OpenAI models into its products, which fuels its revenue and technological leadership.

On the technical side, managing exclusivity on OpenAI’s AI tools allows Microsoft to offer a differentiated cloud computing market offering. The integration of artificial intelligence into Azure positions it as an essential provider for many economic sectors while generating recurring and growing revenues that stabilize the group’s financial performance.

At the same time, NVIDIA addresses the critical hardware issue: supplying chips and systems capable of handling the colossal data loads and continuous learning required by OpenAI’s models. The ambitious project to deploy 10 gigawatts of dedicated systems for OpenAI represents one of the largest technological operations ever undertaken in the sector. The planned expenditures, close to 100 billion dollars, illustrate the scale and confidence in the ecosystem.

The synergy between Microsoft and NVIDIA extends beyond financial aspects to technological complementarity. Together, they form the foundation on which OpenAI can build increasingly advanced, fast, and energy-efficient solutions, two key factors to remain market leaders.

This dynamic is one of the major drivers of the ETF’s attractiveness, as it relies on giants who not only have the capacity to invest massively but also the technological mastery required to realize OpenAI’s ambitions.

Investing in the ALAI ETF: advantages, risks, and advice for investors

Investing in the ALAI ETF grants access to targeted exposure to artificial intelligence and its major players without having to directly manage the purchase of individual shares or the uncertainty of opening a position in an unlisted company such as OpenAI. However, this opportunity presents distinct advantages but also risks that should be evaluated before taking a financial position.

Advantages:

• Diversification: by grouping several heavyweights of the AI sector, the ETF limits risks related to excessive concentration on a single company.
• Easy access: availability on traditional financial markets, simple buying and selling via standard brokerage platforms.
• Active management: a specialized team adjusts the portfolio to maximize performance and adapt to market developments.
• Solid performance: a yield above the average of comparable ETFs, with more than 40% in 2025.

Risks:

• Sector concentration: the ETF invests largely in AI-related tech, a segment subject to high volatility and regulatory instability.
• Dependence on giants: the fund’s performance is closely tied to that of Microsoft, NVIDIA, and Broadcom, making the portfolio vulnerable to their difficulties.
• Rapid technological evolution: a sudden change in AI technology could reshuffle the ranks of players and impact investments.

As with any investment, using this ETF requires a serious assessment of risk profile and financial objectives. It is recommended to consider this exposure as part of an overall portfolio diversification strategy, with vigilance on technological and regulatory news.

For beginners, it is advised to learn the basics of ETFs and stock market investing, or consult a financial advisor to build a coherent strategy. For more experienced investors, the ALAI ETF represents an effective way to bet on the future of technology and innovation in artificial intelligence, while benefiting from accessibility and professional management.

The future outlook for OpenAI and its influence on financial markets

OpenAI’s growing role on the global stage is no longer limited to the technological sphere: its impact now extends to financial markets and the global economy. The company’s exceptional valuation, approaching 500 billion dollars, reflects unanimous confidence in its disruptive potential and in its partners’ ability to transform entire sectors.

As the company progresses toward achieving artificial general intelligence (AGI), demand for its integrated technologies and services continues to rise, thus increasing pressure on infrastructure providers and institutional investors. This dynamic gives associated actors a privileged position to capture the value generated by this transformation, and therefore directly influences the stock market quotations of these companies.

Financial markets are beginning to incorporate these strong signals, as evidenced by the growing appeal for thematic ETFs and funds dedicated to AI, of which ALAI is a prime example. Capital flows to these products are increasing, reflecting the desire to invest in innovation and benefit from a technological trend that appears sustainable.

In the long term, the question of a possible direct IPO of OpenAI remains a regularly debated topic. Such an operation would inevitably disrupt the market and offer direct access to investors, but it also imposes constraints that could hinder the company’s agility. Pending this hypothetical eventuality, ETFs remain the best option to capitalize today on the revolution driven by OpenAI.

In this context, it becomes crucial for investors to closely monitor the strategic developments of giant partners, major technological advances, as well as global regulations affecting the deployment of artificial intelligence. The landscape in 2026 is in full mutation, and only the best-informed will be able to take advantage of these major transformations.

Can we buy OpenAI shares directly on the stock market?

No, OpenAI is a private company and its shares are not listed on public markets. Direct investment is reserved for private investors via specific placements.

What is an ETF and why is it suitable for indirect investment in OpenAI?

An ETF is a stock exchange-traded fund that groups several shares. It allows diversified and accessible investment, notably in companies partnering with OpenAI, thus offering indirect exposure to its success.

Who are the main OpenAI partners included in the ALAI ETF?

The main partners are Microsoft, NVIDIA, and Broadcom. They represent more than 25% of the fund’s assets and play a strategic role in OpenAI’s technological and financial development.

What risks are associated with investing in the ALAI ETF?

The main risks include sector concentration on AI technology, dependence on the performance of giants like Microsoft and NVIDIA, as well as volatility linked to rapid innovations and regulatory changes.

What are the advantages of the ALAI ETF?

This ETF offers diversification around key AI players, active management adapted to sector volatility, indirect exposure to OpenAI, and high performance superior to classic ETFs.