BKLC Volume Surges 15x as Nvidia-Heavy ETF Jumps

BNY Mellon US Large Cap Core Equity ETF (BKLC) has seen unusual trading volume, which is 15× higher than its average daily volume.

With Nvidia as BKLC’s largest holding, the ETF is heavily exposed to the chipmaker’s ongoing AI-driven momentum and regulatory scrutiny, as the company faces questions from Senator Elizabeth Warren over its SchedMD acquisition even as analysts reiterate Strong Buy ratings and highlight robust demand for its Vera Rubin chips. Apple and Microsoft, the next biggest weights, are supported by bullish analyst calls ahead of Apple’s March-quarter earnings and by optimism that Microsoft’s aggressive AI and data-center spending will translate into faster Azure growth, while Amazon, Alphabet (both share classes), and Broadcom all benefit from upbeat broker commentary on AI infrastructure, satellite and cloud initiatives, and multi‑year custom chip deals with major platforms like Meta. Meta itself remains a favored “top pick” into earnings on expectations for AI‑driven growth, Tesla is back in focus after Elon Musk confirmed progress on the next‑generation AI5 self‑driving chip and broader robotics ambitions, and JPMorgan Chase’s solid Q1 results but slightly lower net interest income outlook create a more mixed backdrop for the ETF’s big-bank exposure.