Nvidia buzz fuels 29x volume surge in INRO ETF

BlackRock U.S. Industry Rotation ETF (INRO) has seen unusual trading volume, which is 29× higher than its average daily volume.

The ETF’s top holding, Nvidia, is in focus as Wall Street anticipates its March 16–19 GTC conference, where analysts expect the company to reinforce its role as a leading AI infrastructure provider and potentially discuss new inference chips tied to its Groq acquisition, with several firms reiterating Strong Buy views and sizeable upside targets. Apple, another major weight, moved on news that it will cut App Store commissions in mainland China from March 15, a regulatory-driven change that could ease tensions with local developers but may modestly pressure fee revenue. Microsoft is contending with a security bug in its Authenticator app—now patched—and heightened attention around its deep OpenAI ties ahead of an April fraud trial involving Elon Musk, while Amazon is strengthening AWS’s AI offering through a planned Trainium–Cerebras chip collaboration and pushing a new Ultra streaming tier for Prime Video to drive higher-margin subscription revenue; Meta and Alphabet are also in the spotlight as Meta delays its “Avocado” AI model amid heavy AI capex, and Google rolls out its Gemini Embedding 2 multimodal AI model, underlining the portfolio’s concentrated exposure to large-cap AI and cloud leaders.