SPDR S&P 500 ETF Trust ( $SPY ) has risen by 3.12% in the past week. It has experienced a 5-day net inflow of $12.24 billion.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:
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Trade SPY with leverage- Nvidia Corporation remains at the center of the AI trade, drawing fresh scrutiny after Michael Burry expanded his long‑dated put positions, arguing the chipmaker is overvalued after its huge rally. At the same time, Nvidia is tightening its AI supply chain with a $2 billion investment and multibillion‑dollar purchase deal with Lumentum, securing critical photonics capacity that is already sold out through 2028 and underscoring both booming demand and rising execution risk.
- Apple Inc is holding up well in a tough smartphone market, growing Q1 shipments 5% and seizing a 21% global share despite memory shortages and war‑related demand jitters, helped by strong iPhone 17 demand and resilient performance in China, India, and Japan. Competitive pressure from Apple Pay is weighing on fintech rival PayPal, but analysts still rate Apple a Moderate Buy, with consensus targets of roughly $304–$305 per share implying mid‑teens upside from current levels.
- Microsoft shares are down about 23% year‑to‑date as investors digest roughly $37.5 billion of quarterly AI capex, slightly slower 39% Azure growth, and fresh U.K. regulatory probes into cloud licensing, prompting questions about the near‑term payoff from its AI push. Yet the stock now trades near 23x forward earnings, well below its five‑year average, and carries a Strong Buy rating with average targets around $581–$582, as Wall Street highlights a $625 billion revenue backlog, disciplined refocusing of Copilot on higher‑value uses, and active engagement with Xbox users as reasons the pullback may offer an attractive entry point.