iShares Exponential Technologies ETF (XT) has seen unusual trading volume, which is 18× higher than its average daily volume.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The ETF’s tech-heavy portfolio means today’s move is being driven largely by Nvidia and Microsoft, both in the spotlight after Nvidia inked a multibillion-dollar cloud and infrastructure deal with Iren and a top analyst boosted Microsoft’s price target on the back of surging AI and cloud revenue. Tesla is another key driver as investors digest news of sharply higher capex, delayed robotaxi timelines, a fresh software-based recall, and ongoing legal distractions around CEO Elon Musk, while Alphabet gains attention after hedge fund TCI rotated capital from Microsoft into Google and multiple analysts raised their GOOGL targets on strong cloud and AI momentum. In healthcare, Eli Lilly remains a notable contributor as investors track a completed obesity combo trial with Regeneron and fresh analyst upgrades, while Amazon’s inclusion reflects the market impact of Amazon Pharmacy’s expansion into GLP-1 drugs like Ozempic, reinforcing the ETF’s exposure to fast-growing health and AI-enabled platforms.