Nvidia-fueled AI trade sends MDAA volume 19× higher

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, remains at the center of the AI trade as analysts debate how to value its rapid data-center growth, with some highlighting potential $1 trillion system revenue from upcoming Blackwell and Rubin chips while also warning that high expectations leave little room for disappointment; at the same time, AMD’s strong gains in gaming GPUs and a bullish analyst upgrade underscore how rivals are pushing into Nvidia’s core markets. Alphabet is also in focus after unveiling new Gemini API pricing tiers and its Gemma 4 open‑source AI models, which are designed to deliver more efficient reasoning on everything from data centers using Nvidia H100 GPUs to edge devices. Microsoft, another major MDAA holding, continues to double down on AI with multiple new in‑house models, a $10 billion Japan investment plan, and improving Copilot monetization, even as its shares lag; Amazon faces scrutiny for fresh layoffs, H‑1B hiring and new seller surcharges while still leaning heavily into AI and cloud, Freeport‑McMoRan drew positive analyst calls on copper exposure, Broadcom announced a CFO transition involving a senior Alphabet finance executive, and ASML came under pressure from a proposed U.S. bill that could restrict sales of its lithography tools to China, all of which could add to volatility across MDAA’s top positions.