Vanguard S&P 500 ETF Sees Outflows Amid Tech Volatility

Vanguard S&P 500 ETF ( $VOO ) has fallen by 3.25% in the past week. It has experienced a 5-day net outflow of $34.41 billion.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation spent the week back in the market’s spotlight as Wolfe Research’s Chris Caso doubled down on his Buy rating, arguing that the newly unveiled Rubin Ultra Pods could unlock far more revenue than investors expect. Each AI data‑center pod may contain about $150 million of Nvidia hardware, and if production ramps toward management’s 200‑units‑per‑week goal, Wall Street’s long‑term forecasts may prove far too conservative.
• Apple Inc sharpened its AI story by hiring former Alphabet executive Lilian Rincon to run AI product marketing and by preparing a Gemini‑powered reboot of Siri expected at June’s developer conference. Analysts see deeper AI features as key to sparking a new iPhone upgrade cycle and offsetting pressure from Intel’s Wildcat Lake “budget” laptops, and AAPL holds a Moderate Buy rating with roughly low‑20% upside based on current targets.
• Microsoft shares continued to suffer their worst stretch since the financial crisis, down about a quarter year‑to‑date on worries over huge AI data‑center spending, Azure competition and slower‑than‑hoped uptake of Copilot and Microsoft 365. Even so, analysts and top retail investors largely view the weakness as a chance to buy a core AI and cloud leader at a discount, with a Strong Buy consensus and average price targets that point to about 60% upside if Microsoft’s long‑term AI and subscription growth story plays out.