AI frenzy drives 29× volume spike in INRO ETF

BlackRock U.S. Industry Rotation ETF (INRO) has seen unusual trading volume, which is 29× higher than its average daily volume.

The ETF is heavily tilted toward Nvidia, Apple, Microsoft, Amazon, Alphabet, Broadcom, Meta, and Tesla, and today’s news flow is dominated by AI-related spending and infrastructure moves across these mega-cap names. Nvidia, the fund’s largest holding, is in focus ahead of its GTC developer conference, where it is expected to unveil its next-generation “Feynman” AI chip and highlight growing inference workloads, while analysts continue to see strong upside for the stock. Apple shares are reacting to the launch of its $549 AirPods Max 2, which add new AI-powered features via the H2 chip, and Amazon is drawing attention for plans to invest $200 billion in AI infrastructure through AWS and for a price hike to its ad‑free Prime Video tier that could lift subscription revenue. Alphabet is being watched as analysts back its decision to keep spending heavily on AI and cloud despite regulatory pressure in Europe, Broadcom is in the spotlight as investors weigh its opportunity to double AI chip revenue against near-term margin pressure, Meta is moving on reports of large workforce cuts and a multibillion-dollar Nebius AI cloud deal, and Tesla is in the headlines after reports of fresh layoffs and co-founder departures at Musk’s AI venture xAI.