MDAA Volume Surges as Nvidia, AI Heavyweights Drive Flows

Myriad Dynamic Asset Allocation ETF (MDAA) has seen unusual trading volume, which is 19× higher than its average daily volume.

The ETF’s largest holding, Nvidia, is in focus as analysts debate how to value its dominant AI GPU business, with some projecting long‑term data center revenues that could support a significantly higher market cap, while others warn elevated expectations and emerging custom chips from major customers like Amazon and Microsoft could pressure future growth. Alphabet is drawing attention after new research suggested its quantum advances could cut the resources needed to break today’s encryption by about 20 times, raising long‑term security questions for crypto and digital assets even as Google moves its own systems to quantum‑safe standards. Microsoft continues to push its Copilot AI strategy despite a year‑to‑date share price pullback, with strong analyst support, new AI investments in Japan, and fresh warnings about “AI recommendation poisoning” underscoring both the growth opportunity and emerging risks. Amazon remains another key AI and cloud play in the portfolio, as the company absorbs near‑term stock pressure from plans to spend up to $200 billion on AI and infrastructure while AWS growth, custom Trainium3 chips, and a still‑bullish Wall Street outlook highlight its longer‑term upside. JPMorgan features in tokenization headlines as it runs blockchain pilots alongside other major institutions, at the same time the IMF warns that faster, 24/7 tokenized markets could amplify financial stress, and Broadcom faces a downgrade to Hold from a top analyst who still sees strong AI‑chip revenue growth but flags slower software momentum and earnings headwinds compared to rival Marvell.