Morningstar Launches Index Tracking Top Generative AI Companies

Morningstar has launched the Morningstar PitchBook GenAI 20 index, which tracks the 20 largest late-stage pure-play GenAI companies transitioning from private to public markets. The index features a perpetual structure and weighs companies based on their latest valuation, using global private markets data provided by PitchBook, a Morningstar company. Generative AI capabilities are the core product and revenue driver for these companies. The index aims to provide clarity to one of the most important growth themes of the next decade.