How to find AI stocks in Fidelity funds

Fidelity does not publish a single list of "AI funds," but you can see which stocks are inside any Fidelity fund by looking at its holdings on Fidelity.com. Search for the fund by name or ticker, open its fact sheet, and scroll to the holdings section. The funds that tend to hold the most AI-related stocks are growth-focused funds and technology sector funds, because companies like Nvidia, Microsoft, and Broadcom — which make AI chips and software — are large holdings in those categories.

The challenge is that "AI stock" is not a formal category. A fund might hold Nvidia because it is a semiconductor company, not because Fidelity labeled it an AI play. You will need to read the fund's description and look at the actual company names in the holdings list to decide whether the fund's AI exposure matches what you are looking for.

Key Takeaways

  • Fidelity growth funds and technology sector funds typically hold the largest positions in companies that make AI chips, software, and infrastructure.
  • You can view the complete list of stocks inside any Fidelity fund on Fidelity.com by searching the fund name and opening its holdings tab.
  • Fidelity does not market funds as "AI funds," so you need to read the fund description and check individual stock names to assess AI exposure.
  • The largest AI-related holdings across Fidelity funds include semiconductor and cloud computing companies, not just AI software makers.

Fidelity growth funds with significant AI exposure

Fidelity Growth Fund (FDGRX) and Fidelity Growth Company Fund (FDGFX) are two of Fidelity's largest actively managed growth funds. Both hold a mix of large-cap technology and growth stocks, which means they typically include positions in Nvidia, Microsoft, Tesla, and other companies with AI operations or AI-dependent business models. The exact holdings change as the fund managers buy and sell, so the percentage of AI-related stocks varies month to month.

Fidelity also offers Fidelity Blue Chip Growth Fund (FBGRX), which focuses on large, established companies with strong growth prospects. This fund also tends to hold major technology names that are involved in AI development or deployment. If you want to see the current holdings, search each fund ticker on Fidelity.com and compare the stock lists to see which one aligns with your interest in AI exposure.

Technology and sector-specific funds

Fidelity Select Technology Fund (FSPTX) is a sector fund that concentrates on technology companies. Because AI development and deployment are now central to the technology industry, this fund typically holds a higher concentration of AI-related companies than a general growth fund. Semiconductor companies, cloud infrastructure providers, and software makers all appear in this fund's holdings.

Fidelity also offers Select Semiconductors Fund (FSELX), which focuses specifically on chip makers. Since semiconductors are essential to AI hardware — Nvidia and other chip makers are core to AI infrastructure — this fund has direct exposure to companies building the foundation for AI systems. This is a narrower, more specialized choice than a general technology fund.

Index funds with AI stock exposure

If you prefer lower-cost index funds, Fidelity offers several that hold AI-related stocks as part of their broad market exposure. Fidelity 500 Index Fund (FXAIX) tracks the S&P 500, which includes all the major technology and semiconductor companies. Fidelity Growth Index Fund (FDGFX) tracks a growth-focused index and similarly holds large positions in technology stocks.

Fidelity also offers Fidelity NASDAQ Composite Index Fund (FNCMX), which tracks the NASDAQ index. Because the NASDAQ is heavily weighted toward technology and growth companies, this fund naturally includes significant AI-related holdings. Index funds are generally cheaper than actively managed funds because they simply hold the stocks in an index rather than paying a manager to pick stocks.

How to compare AI exposure across funds

The most direct way to compare is to open the holdings list for each fund you are considering and look for the same company names. If you see Nvidia, Microsoft, Broadcom, and Advanced Micro Devices (AMD) appearing in multiple funds, those funds have overlapping AI exposure. The percentage of the fund's total assets invested in each stock matters too — a fund where Nvidia is 8% of holdings has more AI concentration than one where it is 2%.

Fidelity's fund comparison tool also lets you view side-by-side statistics like the fund's expense ratio (the annual cost to own it), its historical performance, and its turnover rate (how often the manager buys and sells stocks). Lower expense ratios mean more of your money stays invested rather than going to fees. Keep in mind that past performance does not predict future results, and funds with high AI exposure can be more volatile than broader market funds.

Understanding the risk of concentrated AI exposure

Funds that focus heavily on technology and semiconductors offer more direct exposure to AI trends, but they also carry more risk. If the AI sector experiences a downturn or if investor enthusiasm cools, these funds can drop more sharply than a diversified fund that holds many different industries. A technology fund might swing 20% in a year while a broad market index fund swings 10%.

Conversely, if AI companies continue to grow rapidly, a concentrated technology fund could outperform a diversified fund. The trade-off is between potential higher returns and higher volatility. Your choice depends on your time horizon, how much risk you can tolerate, and whether you want AI exposure to be your entire portfolio or just one part of it.

Frequently Asked Questions

Does Fidelity have a fund specifically labeled as an AI fund?

Fidelity does not market a fund with "AI" in its name. However, funds like Fidelity Select Technology Fund and Fidelity Select Semiconductors Fund hold many companies involved in AI development and infrastructure. You need to look at the holdings list to assess AI exposure yourself.

Which Fidelity fund has the most Nvidia stock?

Fidelity Select Technology Fund (FSPTX) and Fidelity Select Semiconductors Fund (FSELX) typically hold larger positions in Nvidia than general growth funds do, because they focus on those sectors. The exact percentage changes regularly, so check the current holdings on Fidelity.com to see the latest.

Can I own multiple Fidelity funds with AI exposure without too much overlap?

Yes, but you will have some overlap — most technology funds hold the same major companies like Nvidia and Microsoft. Combining a broad growth fund with a sector fund (like semiconductors) gives you different weightings without eliminating overlap entirely. Check the holdings lists to see how much duplication matters to you.

Are Fidelity index funds cheaper than actively managed funds with AI exposure?

Yes, generally. Index funds like Fidelity 500 Index Fund (FXAIX) have expense ratios around 0.03%, while actively managed funds like Fidelity Growth Fund typically charge 0.50% to 0.75% annually. Over time, that fee difference adds up, though an actively managed fund might outperform if the manager makes good stock picks.

What happens to my Fidelity fund if the AI sector crashes?

A fund focused on technology and semiconductors will drop more than a diversified fund if AI stocks fall. A general market index fund will drop less because it holds many industries. The more concentrated your AI exposure, the bigger the potential loss if that sector underperforms.