The video analyzes three ETFs as alternatives to the Nasdaq for capturing gains from the tech and AI boom. The first ETF, IGM (iShares Expanded Tech Sector ETF), holds over 260 stocks and has outperformed the Nasdaq YTD, offering exposure to various AI names. The second is XNTK (SPDR NYSE Technology ETF), a more concentrated fund (around 40 stocks) benefiting from AI trends with holdings like Palantir and Micron, XNTK boasts a higher expense ratio. The last ETF mentioned is XAR (SPDR S&P Aerospace & Defense ETF), also a sector-specific fund, highlighting the Defense and Aerospace which is being driven by the trend on AI and technology.