Apple-fueled USEW ETF volume surges to 15-times average

Cambria US EW ETF (USEW) has seen unusual trading volume, which is 15× higher than its average daily volume.

The ETF’s largest holding, Apple, features prominently in today’s news as it gains smartphone market share despite a global shipment decline and benefits from resilient premium demand and tight supply-chain management, while analysts maintain a Moderate Buy view with mid‑teens upside. Nvidia and Microsoft are in focus as well: Nvidia faces renewed skepticism from Michael Burry over its stretched AI valuation even as it deepens its supply-chain control with a $2 billion Lumentum deal, and Microsoft contends with a share-price pullback tied to heavy AI capex, slightly slower Azure growth, and UK regulatory scrutiny, though Wall Street broadly views the dip as a buying opportunity. Other key tech weights are also moving on AI and cloud catalysts, with Broadcom rallying on a long-term Google TPU and networking partnership, Alphabet’s Class A and C shares buoyed by bullish cloud and cybersecurity commentary, Amazon highlighted for its AWS quantum and pharmacy expansion, JPMorgan in focus ahead of earnings amid questions about AI spending, and Meta Platforms drawing both enthusiasm for its new Muse Spark AI model and legal risk from an addiction-focused lawsuit.