IQ U.S. Large Cap R&D Leaders ETF (LRND) has seen unusual trading volume, which is 15× higher than its average daily volume.
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The ETF’s performance today is being driven largely by its heavy exposure to Nvidia, Apple, Microsoft, Alphabet, Broadcom, Amazon, and Meta, all of which are in the spotlight on fresh AI-related news and analyst commentary. Nvidia continues to draw bullish views as analysts see a potential breakout above key technical levels and call the stock one of the cheaper major AI plays, while Apple is seeing renewed retail interest and strong iPhone 17 sales data that could support upcoming earnings and a future upgrade cycle tied to foldable iPhones and AI-enhanced Siri. Microsoft, Alphabet, Amazon, and Meta are all benefiting from upbeat analysis around their cloud and AI businesses—ranging from Microsoft’s Copilot roadmap and Azure growth, to Alphabet’s cloud- and chip-partnership momentum, Amazon’s fast-growing AWS and custom AI chips, and Meta’s better-than-expected rollout of its new Muse Spark AI model—while Broadcom gains attention from long-term AI chip supply deals with Google and Anthropic, and Eli Lilly and PepsiCo add a healthcare and consumer tilt through news on a new weight-loss pill rollout and expectations for a tactical earnings rebound, respectively.