Tech ETFs That Won Amid NVIDIA-Led Tech Rout

Zacks08-30

The technology ETF The Technology Select Sector SPDR Fund XLK lost 0.9% on Aug. 29, 2024, although the Dow Jones Industrial Average closed at a new all-time high, marking its third record this week. ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech ETFs That Won Amid NVIDIA-Led Tech Rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-30 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tech-etfs-won-amid-nvidia-120000337.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The technology ETF The Technology Select Sector SPDR Fund XLK lost 0.9% on Aug. 29, 2024, although the Dow Jones Industrial Average closed at a new all-time high, marking its third record this week. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tech-etfs-won-amid-nvidia-120000337.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z9505.USD","symbol_name":"美盛-美国大盘成长股A Acc","start_time":0,"source_url":"https://finance.yahoo.com/news/tech-etfs-won-amid-nvidia-120000337.html","article_id":"2463589756","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/2Sku5642KuMsCaOplnjcnQ--~B/aD01Nzg7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6e5d0cbd3c51fd498f83f2eb27b7c615"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463589756","pubTimestamp":1725019200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The technology ETF The Technology Select Sector SPDR Fund XLK lost 0.9% on Aug. 29, 2024, although the Dow Jones Industrial Average closed at a new all-time high, marking its third record this week. The index gained more than 200 points, setting a new benchmark.In contrast, the Nasdaq Composite and S&P 500 finished lower on the day, with the Nasdaq dropping about 0.2% and the S&P 500 closing flat. This divergence came as investors assessed NVIDIA's NVDA earnings which failed to cheer up investors. NVDA shares were down 6.4% on Aug. 29, 2024, and also slumped 6.6% in the past five days. Similarly, the key tech ETF XLK is down 2.3% in the past five days.In this article, we would highlight what led to this tech rout and which tech ETFs survived this turmoil. Let’s find out.For the third quarter of fiscal 2025, NVIDIA anticipates revenues of $32.5 billion , higher than the Zacks Consensus Estimate of $30.97 billion. Such almost in-line guidance also muted investors’ optimism.Amplify Mobile","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","BK4527":"明星科技股","BK4543":"AI","BK4579":"人工智能","BK4588":"碎股","LU0056508442.USD":"贝莱德世界科技基金A2","XSW":"SPDR S&P Software And Services ETF","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","BK4503":"景林资产持仓","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","BK4079":"房地产服务","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","COMP":"Compass, Inc.","BK4581":"高盛持仓","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4549":"软银资本持仓","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4548":"巴美列捷福持仓","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","CLOU":"Global X Cloud Computing ETF","DTEC":"ALPS Disruptive Technologies ETF","IPAY":"移动支付ETF-PureFunds","XLK":"高科技指数ETF-SPDR","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4539":"次新股","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","NVDA":"英伟达","BK4532":"文艺复兴科技持仓","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","BK4592":"伊斯兰概念","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","BK4534":"瑞士信贷持仓","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","FDN":"First Trust Dow Jones Internet I","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H"},"translate_title":"在英伟达领导的科技股溃败中获胜的科技ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XSW":1,"DTEC":1,"CLOU":1,"IPAY":1,"NVDA":1,"XLK":1,"COMP":0.9,"FDN":0.9},"content_text":"The technology ETF The Technology Select Sector SPDR Fund XLK lost 0.9% on Aug. 29, 2024, although the Dow Jones Industrial Average closed at a new all-time high, marking its third record this week. The index gained more than 200 points, setting a new benchmark.\nIn contrast, the Nasdaq Composite and S&P 500 finished lower on the day, with the Nasdaq dropping about 0.2% and the S&P 500 closing flat. This divergence came as investors assessed NVIDIA's NVDA earnings which failed to cheer up investors. NVDA shares were down 6.4% on Aug. 29, 2024, and also slumped 6.6% in the past five days. Similarly, the key tech ETF XLK is down 2.3% in the past five days.\nIn this article, we would highlight what led to this tech rout and which tech ETFs survived this turmoil. Let’s find out.\n \nWhy NVDA Shares Slumped Despite Both Line Beats\nNvidia's earnings report, despite recording impressive growth, failed to meet the high expectations that had fueled its recent rally. The AI chipmaker's quarterly profit and revenue guidance topped estimates, but the magnitude of the beats fell short of the lofty hopes surrounding the stock.\nFor the third quarter of fiscal 2025, NVIDIA anticipates revenues of $32.5 billion (+/-2%), higher than the Zacks Consensus Estimate of $30.97 billion. Such almost in-line guidance also muted investors’ optimism.\n \nNVIDIA’s Blackwell Delay \nDuring its second-quarter earnings conference call, NVIDIA revealed that it has executed a change to the Blackwell GPU mask to improve production yield. It is expected to start ramping up the production of Blackwell in the fourth quarter of fiscal 2025 and continue through fiscal 2026.\nEarlier, NVIDIA stated that the ramp-up of Blackwell production will begin in 2024. Blackwell delay is another drag on the NVDA stock as NVIDIA’s next-generation Blackwell chip delays may impact major clients like Microsoft and Google.\n \nDelayed AI Payoffs \nIn any case, the tech space has been showcasing subdued performance this earnings reporting cycle as many tech biggies have indicated delayed payoffs in artificial intelligence (AI) investments. So, investors remained in two minds before getting overly enthusiastic about renewed AI trades.\nHaving said that, we would like to note that the basic AI is in fine fettle. After all, NVDA CEO Jensen Huang hinted at strong demand for Blackwell platforms and anticipated continued growth in NVIDIA’s data center business. At maximum, we can see a slowdown in growth, which is a part of every business cycle.\n \nTechnology ETFs That Survived This Turmoil\nAgainst the above-mentioned backdrop, below we highlight a few technology equities ETFs that gained over the past week.\nAmplify Mobile Payments ETF IPAY – Up 2.8% past week\nSPDR S&P Software & Services ETF XSW – Up 1.4% past week\nBlackRock Future Financial and Technology ETF BPAY – Up 0.7% past week\nGlobal X Cloud Computing ETF CLOU – Up 0.6% past week\nALPS Disruptive Technologies ETF DTEC – Up 0.7% past week\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nTechnology Select Sector SPDR ETF (XLK): ETF Research Reports\nSPDR S&P Software & Services ETF (XSW): ETF Research Reports\nAmplify Mobile Payments ETF (IPAY): ETF Research Reports\nALPS Disruptive Technologies ETF (DTEC): ETF Research Reports\nGlobal X Cloud Computing ETF (CLOU): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463589756"}