LCOW ETF volume surges as Alphabet, AI bets rally

Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) has seen unusual trading volume, which is 14× higher than its average daily volume.

The ETF is heavily tilted toward mega-cap tech and payments names, with top holding Alphabet benefiting from bullish analyst views on its cloud and AI businesses, including long-term custom AI chip deals with Broadcom that support its infrastructure and cost control. Broadcom itself has drawn a downgrade to Hold on valuation concerns even as it locks in multi‑year AI chip supply agreements with Google and Anthropic, while Nvidia continues to attract Strong Buy ratings as investors see it retaining a commanding position in AI hardware despite recent share-price consolidation. Apple has been supported by data showing it gained global smartphone share and grew shipments despite industry-wide weakness, and Meta faces mounting legal and regulatory pressure over alleged addictive platform design even as analysts remain highly positive on its AI-driven advertising and hardware strategy. AbbVie and Johnson & Johnson both saw fresh Buy ratings and higher or reiterated price targets on expectations for steady growth and robust pipelines, and Microsoft remains under pressure after a sharp year-to-date decline tied to heavy AI spending and slower-than-hoped adoption of Copilot, though Wall Street broadly views the pullback as an opportunity given its large contracted revenue backlog and long-term AI positioning.