VanEck Launches Data Center Supply Chain ETF (RACK) to Capture AI Infrastructure Buildout

RACK focuses on the companies supplying the semiconductors, power, cooling systems and grid equipment needed to support AI infrastructure demand.

NEW YORK--(BUSINESS WIRE)--VanEck is today launching the VanEck Data Center Supply Chain ETF (CBOE: RACK), to provide pure-play exposure to the companies powering the global buildout of AI infrastructure.

The launch comes as hyperscalers and technology companies rapidly expand AI infrastructure investment to meet surging computational demand. As competition intensifies across generative AI, cloud computing and large-scale model deployment, the five largest AI hyperscalers are projected to spend approximately $750 billion on infrastructure this year alone.¹ McKinsey estimates AI-related data center infrastructure investment could reach between $5.2 trillion and $7.9 trillion globally through 2030, with global data center capacity demand expected to nearly triple over the same period.²

At the same time, infrastructure constraints are emerging across semiconductors, memory, power generation and cooling systems. U.S. data center power demand is growing, while power transformer delivery times have stretched to as long as two to four years, highlighting the increasing strain AI expansion is placing on grid infrastructure.

“Much of the AI conversation has centered on applications and software, but the scale of infrastructure required to support AI adoption is becoming increasingly important,” said Nick Frasse, Product Manager with VanEck. “What’s happening now resembles a utility-scale industrial buildout more than a traditional software cycle, spanning semiconductors, energy systems, cooling technology and electrical equipment.”

RACK seeks to track the MarketVector Data Center Supply Chain Index (MVRACK), a modified float-adjusted capitalization weighted index designed to provide exposure to US-listed companies across the data center supply chain. Index constituents must generate at least 50% of their revenues from business segments tied to AI infrastructure and data center development, including semiconductor design, cooling technology, nuclear energy production and electrical equipment.

“AI demand is creating simultaneous bottlenecks across chips, memory, power and cooling infrastructure,” said Frasse. “We believe the companies solving those constraints may be among the primary beneficiaries of the next phase of AI investment, and RACK is designed to provide targeted exposure to that buildout.”

VanEck has a long history of identifying structural shifts and bringing differentiated investment solutions to market. The launch of RACK builds on the firm’s existing lineup of thematic ETFs, which includes the VanEck Semiconductor ETF (SMH), the VanEck Fabless Semiconductor ETF (SMHX), the VanEck Uranium and Nuclear ETF (NLR) and the recently launched VanEck Space ETF (WARP).

For more information on RACK, including holdings, risks and performance information, please visit: vaneck.com/rack. The VanEck team also provides regular updates and research insights on its website.

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An investment in the VanEck Data Center Supply Chain ETF (RACK) may be subject to risks which include, but are not limited to, risks related to investments in Data Center Supply Chain Companies, foreign securities, foreign currency, depositary receipts, communication services sector, industrials sector, information technology sector, REITs, small-, medium-, and large-capitalization companies, equity securities, market, operational, index tracking, authorized participant concentration, new fund, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and index-related concentration risks, all of which may adversely affect the Fund. Foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks.

MarketVector Data Center Supply Chain Index (MVRACK) is a rules-based, modified float-adjusted market capitalization weighted index designed to track the performance of US-listed companies that are contributing to the buildout and ongoing operation of data centers across the supply chain, including infrastructure, equipment, and service providers.

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¹ Source: Company SEC filings and earnings reports (FY2022–FY2025 actuals); company guidance (FY2026E); CreditSights (Feb 2026); IoT Analytics (Nov 2025); Dell' Oro Group (2026).

² Source: McKinsey, “The cost of compute: A $7 trillion race to scale data centers” (April 2025).