Defiance Launches AIMG: The AI Magnificent 10 ETF

(MENAFN- GlobeNewsWire - Nasdaq) MIAMI, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs, a leader in thematic and income ETFs, today announced the launch of the Defiance AI Magnificent 10 ETF (Nasdaq: AIMG). AIMG is designed to give investors a single ticker for ten companies at the center of the AI buildout, spanning the accelerators and custom silicon that run AI, the foundries that manufacture them, the memory that feeds them, and the networking and photonics that connect them, with each constituent weighted equally at every quarterly rebalance.

The AI trade has been priced one layer at a time: first the GPUs, then the custom accelerators, then the foundry, the memory, the networking, and the optics. In the two weeks before AIMG's launch, the layers reported together. Nvidia posted record quarterly revenue of $96.2 billion, up 106% from a year ago, with data center revenue of $89.0 billion, and its chief financial officer said the five largest hyperscalers are expected to increase capital spending to $1.3 trillion next year from $800 billion in 2026. Broadcom reported AI semiconductor revenue of $16.7 billion, up 221% year over year, and guided the current quarter to $21.7 billion. Marvell posted record revenue and raised its outlook for the second straight quarter on custom silicon demand. Lumentum guided to more than 130% year-over-year growth on demand for 1.6 terabit optics. And spot prices for high-bandwidth memory were reported at four to five times long-term contract levels as Samsung Electronics and SK hynix headed toward record third-quarter results. Defiance believes the market has treated these companies as separate trades when they are one supply chain.

"The Magnificent Seven gave investors a shorthand for the last cycle's leaders. The AI Magnificent 10 is the hardware underneath this one," said Sylvia Jablonski, Chief Investment Officer of Defiance ETFs. "By Nvidia's own estimate, the five largest hyperscalers will spend $1.3 trillion on capital expenditures next year, and the hardware side of that spending runs through a short list of companies: the accelerators and custom silicon, the foundries that make them, the memory that feeds them, and the networking and photonics that connect them. Investors have had to pick a layer. AIMG holds the layers together, ten companies weighted equally, so no single name dominates the fund at each rebalance."

AIMG seeks to track the BITA AI Magnificent 10 Select Index (the "Index"), a rules-based index that tracks the performance of 10 publicly listed equity securities operating across what the Index Provider identifies as the most critical business verticals of the AI value chain. Constituents are selected by free-float market capitalization from a defined eligible universe, equally weighted, and reconstituted and rebalanced quarterly.

Investment Objective

The Defiance AI Magnificent 10 ETF (the "Fund") seeks to track the performance, before fees and expenses, of the BITA AI Magnificent 10 Select Index (the "Index").

Inside the Index

The Index is rules-based and tracks 10 publicly listed equity securities operating across the most critical business verticals of the AI value chain, as identified by BITA GmbH, the Index Provider. Eligible securities may include common stock, including from foreign companies, and depositary receipts. The verticals are:

• Compute and accelerators. The processors that train and run AI models.
• Custom ASICs. Application-specific chips designed for a particular customer's AI workloads.
• Foundries. The manufacturers that fabricate advanced chips designed by other companies.
• Memory. The DRAM and high-bandwidth memory that feed data to accelerators.
• Networking. The silicon that connects accelerators into clusters and clusters into data centers.
• Photonics. The lasers, transceivers, and optical components that move data with light.
• Emerging physical AI systems. Companies bringing AI into physical systems, a vertical the Index is built to accommodate as it develops.
  

Index construction begins with a defined eligible universe of securities, published in the Fund's prospectus, to which initial public offerings from companies with more than 50% exposure to any of the verticals above may be added. All securities in the eligible universe are ranked by free-float market capitalization, and the top 10 are selected, with ties broken by three-month average daily traded value. Where a company has more than one qualifying share class, only the highest-ranked share class by three-month average daily traded value is considered. Final constituents are equally weighted. The Index is reconstituted and rebalanced quarterly in January, April, July, and October, effective after the close on the second Friday of the rebalancing month, based on constituent data as of the close of business 10 business days prior to the month.

As of the Fund's prospectus dated August 4, 2026, the Index's eligible universe consisted of NVIDIA, Broadcom, Alphabet, Taiwan Semiconductor Manufacturing Company, Samsung Electronics, SK hynix, Micron Technology, Marvell Technology, Lumentum Holdings, and Coherent. Index constituents and Fund holdings are subject to change.

The Fund invests all, or substantially all, of its assets in the component securities that make up the Index and/or options and swap contracts that provide indirect exposure to those securities. Because the Index holds only 10 constituents, the Fund's use of options and swaps is largely driven by its intention to maintain its qualification as a regulated investment company, and that use may be extensive. Under normal circumstances, at least 80% of the Fund's net assets will be invested in AI Magnificent 10 Companies and/or financial instruments that provide indirect exposure to them. The Fund generally uses a replication strategy, is classified as non-diversified, and, as of July 24, 2026, was concentrated in the Semiconductors and Semiconductor Equipment group of industries to the same extent as the Index.

For the Fund's current holdings, please visit

Fund Details as of 09-09-2026

Fund Name	Defiance AI Magnificent 10 ETF
Ticker	AIMG
Exchange	The Nasdaq Stock Market, LLC
Expense Ratio	0.61	%
Index	BITA AI Magnificent 10 Select Index
Index Provider	BITA GmbH
Index Weighting	Equal weight
Index Rebalance	Quarterly (January, April, July, October)
Investment Adviser	Tidal Investments LLC
Fund Sponsor	Defiance ETFs, LLC
Distributor	Foreside Fund Services, LLC

About Defiance ETFs

Defiance is a leader in first-mover thematic ETFs designed to provide exposure to the emerging technology sectors defining the future.

We build ETFs around areas that are moving beyond themes and becoming distinct investable categories, from quantum computing and AI infrastructure to modern warfare and other emerging sectors reshaping global markets.

Our approach is built around purity of exposure: identifying these categories early and creating ETFs that give investors targeted access.

Media Contact

Brenda Hentschel
Gregory Agency
...
201.705.3758

IMPORTANT DISCLOSURES

Tidal Investments LLC ("Tidal" or the "Adviser"), a Tidal Financial Group company, serves as the Fund's investment adviser. Defiance ETFs, LLC ("Defiance") serves as the Fund's sponsor pursuant to a fund sponsorship agreement with the Adviser and is not the Fund's investment adviser. The Fund is a series of Tidal Trust II.

The Fund's investment objective, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383 or by visiting.

Investing involves risk. Principal loss is possible. There is no guarantee the Fund will achieve its investment objective, and an investor may lose some or all of its investment. The Fund is a recently organized investment company with no operating history. The Fund is non-diversified and will concentrate its investments in a particular industry or group of related industries to the same extent as the Index; as of July 24, 2026, the Index was concentrated in the Semiconductors and Semiconductor Equipment group of industries. The Fund is passively managed and is subject to underlying index, third-party data, and tracking error risk. The Fund may invest in derivatives, including options and swaps, and that use may be extensive, which involves risks greater than investing directly in securities.

Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures, and their profitability can vary widely, if they are profitable at all. Competition is intense, products may become obsolete quickly, these issuers depend heavily on intellectual property rights, and they are subject to legal, regulatory, and political changes that may materially affect profitability. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

Semiconductors and Semiconductor Equipment Industry Risk. Semiconductor companies may face intense competition that pressures profit margins and may have limited product lines, markets, financial resources, or personnel. Their supply chains depend on materials meeting exacting standards, on third-party components and services, and often on a limited number of suppliers. Production can be disrupted by the unavailability of resources such as water, silicon, electricity, and gases.

Datacenter, Information Technology, and Technology Sector Risks. Datacenter companies must continuously upgrade infrastructure and expand capacity, leading to high capital expenditures, and fluctuations in demand can lead to under-utilization. Information technology and technology companies face intense competition, rapid product obsolescence, regulatory scrutiny, supply chain disruption, and heavy dependence on intellectual property. The information technology sector has recently experienced significant disruptions related to AI, including workforce realignments, AI-related spending, and escalating AI-enabled cyberattacks, which have led to significant volatility for certain companies in the sector.

Concentration Risk. To the extent the Fund concentrates in an industry, it will be subject to the risk that economic, political, or other conditions having a negative effect on that industry will negatively impact the Fund to a greater extent than if its assets were invested in a wider variety of industries.

Equity Market Risk. Common stocks are generally exposed to greater risk than preferred stock and debt obligations because common stockholders have inferior rights to payment. Equity holdings may experience sudden, unpredictable drops or prolonged declines in value.

Derivatives Risk. Derivatives derive their value from an underlying reference asset and pose risks greater than investing directly in securities, including imperfect correlation, higher volatility, counterparty risk, and lack of availability, liquidity, valuation, and legal restrictions. Because they often require only a limited initial investment, derivatives may expose the Fund to losses exceeding the amounts invested. Additional risks include:

Options Contracts. Option prices are volatile and influenced by the value and volatility of the underlying instrument, time to expiration, and market and policy events. Positions may expire worthless, an option's value generally does not move at the same rate as the underlying security before expiration, and a liquid secondary market may not exist.

Swap Agreements. Swaps are highly specialized, and success depends on the Adviser's ability to structure them consistently with the Fund's objective and to identify counterparties. Associated financing and borrowing costs may lower returns, and over-the-counter trading offers less transparency than exchange-traded derivatives.

Counterparty Risk. The Fund's derivatives investments expose it to the risk that a counterparty fails to perform, which may cause significant loss with limited, delayed, or no recovery.

Tax Risk. To qualify for the favorable tax treatment available to regulated investment companies, the Fund must satisfy certain diversification requirements. The application of these requirements to certain investments, including swaps, and to the Fund's investment objective is not clear. If the Fund were to fail to qualify, it would be taxed in the same manner as an ordinary corporation.

Passive Investment Risk. The Fund does not attempt to outperform the Index or take defensive positions in declining markets, so its performance may be adversely affected by a general decline in the relevant market segments.

Underlying Index and Third Party Data Risk. Neither the Adviser nor the Index Provider can guarantee the continuous availability or timeliness of the Index, and a significant delay may cause trading in Shares to be suspended. Errors in Index data, computation, or construction may occur and go uncorrected, including errors originating with the independent third-party calculation agent on which the Index depends, and the Fund's portfolio can be expected to reflect them.

Tracking Error Risk. Fund and Index performance may differ because the Fund incurs operating expenses and transaction costs the Index does not, may not be fully invested in Index components, and may hold securities outside the Index.

Non-Diversification Risk. The Fund may invest a greater percentage of assets in a single issuer or smaller number of issuers than a diversified fund, so a decline in one or a few issuers could reduce the Fund's value more than a diversified portfolio would experience.

New Fund Risk. The Fund is recently organized with no operating history, so prospective investors have no track record on which to base their investment decision.

Market Capitalization Risk. Large-capitalization companies may grow more slowly during expansions and may be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes.

IPO Risk. The market value of IPO shares may fluctuate considerably due to the absence of a prior public market, unseasoned trading, few shares available for trading, and limited issuer information. When the Fund's asset base is small, such investments have a magnified impact.

Unrelated Business Risk. Many of the companies in which the Fund invests have business lines unrelated to the thematic categories, which could adversely affect their operating results and, in turn, the Fund's performance, and may make thematic returns difficult to isolate.

U.S. Government and U.S. Agency Obligations Risk. Payment of principal and interest on U.S. government obligations may be backed by the full faith and credit of the United States or solely by the issuing agency or instrumentality. There is no assurance the U.S. government would support its agencies or instrumentalities where it is not obligated to do so.

Economic and Market Risk. Increasingly interconnected global markets raise the likelihood that events in one region adversely affect issuers elsewhere. Fund holdings may underperform due to inflation or deflation, interest rates, global demand, market and financial system instability, debt crises, tariffs, sanctions and other trade barriers, regulatory and geopolitical events, war, terrorism, natural disasters, and epidemics or pandemics.

Operational Risk. The Fund is subject to human error, processing and communication errors, errors by service providers or other third parties, inadequate processes, and technology or systems failures. It relies on third parties for services including custody, and delays or failures may affect its ability to meet its objective; controls and procedures cannot eliminate these risks.

ETF Risks. Shares are bought and sold at market price (not NAV) and are not individually redeemed. The Fund has a limited number of Authorized Participants, market makers, and liquidity providers; if they withdraw and are not replaced, Shares may trade at a material discount to NAV and face delisting. Cash rather than in-kind redemptions may cause the Fund to recognize capital gains, increasing distributions, investor taxes, and brokerage costs. Buying and selling Shares involves commissions, other broker charges, and bid-ask spreads that vary with volume and liquidity. Shares may trade at an intra-day premium or discount, particularly during volatility, steep declines, or limited secondary market activity, and there is no assurance Shares will trade with any volume; in stressed conditions, liquidity of both Shares and portfolio holdings may deteriorate.

The BITA AI Magnificent 10 Select Index is a rules-based index tracking 10 publicly listed equity securities across what the Index Provider identifies as the most critical business verticals of the AI value chain, including compute and accelerators, custom ASICs, foundries, memory, networking, photonics, and emerging physical AI systems. Securities in the eligible universe are ranked by free-float market capitalization, the top 10 are selected with ties broken by three-month average daily traded value, and final constituents are equally weighted. The Index is reconstituted and rebalanced quarterly in January, April, July, and October, effective after the close on the second Friday of the rebalancing month. The Index is owned, calculated, administered, and disseminated by BITA GmbH (the "Index Provider"), which is not affiliated with the Adviser or Defiance.

Information regarding the companies referenced is derived from publicly available sources and company announcements and has not been independently verified by Defiance or the Adviser. None of the companies referenced is affiliated with, or sponsors, endorses, or promotes, Defiance or the Fund. References to specific companies are for illustrative purposes only and are not a recommendation to buy or sell any security. Fund holdings and Index constituents are subject to change and should not be considered investment advice.

Statements regarding future industry growth, including projected capital expenditures, revenue growth rates, and component pricing, reflect third-party estimates, company guidance, and forward-looking views that are subject to change and are not guarantees of future results. References to third-party reporting and company statements are not independently verified by Defiance or the Adviser and should not be relied upon as a projection of Fund performance.

Brokerage commissions may be charged on trades.

Distributed by Foreside Fund Services, LLC.

A photo accompanying this announcement is available at

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