Nvidia, Apple headlines ignite volume surge in USPX ETF

Franklin LibertyQ Global Equity ETF (USPX) has seen unusual trading volume, which is 23× higher than its average daily volume.

The ETF is heavily tilted toward mega-cap tech, with Nvidia, Apple, and Microsoft among its largest positions, and all three are in focus after fresh headlines. Nvidia is drawing intense attention ahead of next week’s GTC conference, where Wall Street expects the chipmaker to reinforce its dominance in AI infrastructure and potentially outline new products and long-term demand that analysts say could justify further upside. Apple is back under the regulatory microscope as it cuts App Store commissions in mainland China under pressure, a move that may reduce fee income but could ease tensions with major local developers, while Microsoft is managing a security bug in its Authenticator app even as analysts maintain a strongly bullish view on the stock. Other key holdings such as Amazon, Alphabet, Meta Platforms, and Tesla are also moving on AI-related initiatives and spending plans, from Amazon’s chip partnership with Cerebras and Alphabet’s new Gemini Embedding 2 model to Meta’s delayed “Avocado” AI launch and renewed questions over Tesla’s role in Elon Musk’s broader AI ecosystem via xAI and SpaceX.