SPDR S&P 500 ETF Trust ( $SPY ) has fallen by 2.79% in the past week. It has experienced a 5-day net outflow of $13.68 billion.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:
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New trading tool for SPY bulls- Nvidia Corporation shares slipped about 3.8% despite a bullish backdrop, as Wolfe Research called the pullback “too cheap to ignore” and set a $275 target, implying roughly 57% upside on the back of a $1 trillion Blackwell‑Rubin roadmap and strong data‑center demand. At the same time, Nvidia faces heightened scrutiny, from U.S. probes into Super Micro export violations involving its chips to senators questioning a $20 billion Groq licensing deal that could further cement its AI dominance but attract tougher antitrust oversight.
- Apple Inc drew renewed interest as Tim Cook’s China visit coincided with a 23% surge in iPhone 17 sales there, far outpacing a shrinking local smartphone market and supported by about 52 million units produced, signaling shipments well ahead of consensus. To defend share, Apple cut China App Store commissions to as low as 12% for smaller developers, accepting some margin pressure and slightly slower App Store growth, while Wall Street keeps a Moderate Buy stance and sees more than 22% upside in the stock.
- Microsoft continued to scale its cloud and gaming ecosystem while navigating operational and regulatory pressures, dropping NDAs on new data centers to ease local resistance even as a lingering SharePoint security flaw drew official scrutiny and briefly weighed on the shares. In consumer and gaming, performance gaps between Xbox Series X and S are becoming more visible just as Microsoft invests to grow Xbox’s presence in Japan, yet analysts remain firmly bullish, with Strong Buy ratings and price targets that imply over 50% upside.