AI-Heavy Franklin LibertyQ ETF USPX Sees Volume Surge

Franklin LibertyQ Global Equity ETF (USPX) has seen unusual trading volume, which is 23× higher than its average daily volume.

The ETF is heavily tilted toward Nvidia, Apple, Microsoft, Amazon, Alphabet, Broadcom, Meta, and Tesla, all of which are in the headlines for major AI- and cloud-related developments. Nvidia remains at the center of the AI buildout ahead of its GTC conference and new “Feynman” chip, even as rival AMD advances its own GPU architecture and AI demand drives more work to foundry partner TSMC. Apple is rolling out its high-priced AirPods Max 2 with new AI-powered audio and translation features, while Amazon plans roughly $200 billion in AWS AI infrastructure spending and is lifting Prime Video Ultra prices to boost subscription revenue. Alphabet is facing mounting EU antitrust pressure over alleged self-preferencing even as analysts back its heavy capex on generative AI, Broadcom is touted as a key custom AI chip supplier to major hyperscalers despite near-term margin worries, Meta is committing up to $27 billion for AI cloud capacity at Nebius and weighing large workforce cuts to fund its AI push, and Tesla is in focus as Elon Musk reshapes his xAI venture with fresh layoffs and leadership changes.