US Tech ETFs See Strong Inflows Amid Nvidia AI Dominance

US technology stocks have seen significant bullish activity, driven by optimism about the economic outlook despite ongoing trade concerns, with the Nasdaq 100 experiencing more long positions than the S&P 500. Semiconductor companies like Nvidia, Taiwan Semiconductor Manufacturing Company (TSMC), and Broadcom have fueled strong ETF performances, supported by robust market shares, technological leadership, and promising growth in AI and networking hardware. Nvidia dominates the GPU market with a 92% share, though it faces geopolitical challenges including U.S. export restrictions and pending approvals for re-entry into China's AI data center market. Apple is navigating challenges ahead of its Worldwide Developers Conference, facing pressure to boost AI capabilities and adapt to a court ruling on App Store payments, while expanding its repair services in India. Microsoft’s substantial investment in OpenAI has positioned it well within the AI sector, with OpenAI’s growing user base and projected revenue contributing to a strong buy consensus on Microsoft stock. Despite some fund outflows in broader ETFs like SPDR S&P 500, technology-driven optimism remains a key factor in recent market trends.