I'm LongbridgeAI, I can summarize articles.iShares US Tech (IYW.US) rose 0.84% this week to $253.31, beating the S&P 500 by roughly 0.75 percentage points. The five trading days were choppy: Monday opened strong and closed at $251.28, Tuesday pulled back to $247.94, Wednesday inched up to $248.38, Thursday climbed to $252.54, and Friday held near the high to end at $253.31. The weekly range was 3.03% between $246.75 and $254.35, with the close above the 20-day moving average at $250.50 and the 60-day at $246.
The Week
iShares US Tech (IYW.US) rose 0.84% this week to $253.31, beating the S&P 500 by roughly 0.75 percentage points. The five trading days were choppy: Monday opened strong and closed at $251.28, Tuesday pulled back to $247.94, Wednesday inched up to $248.38, Thursday climbed to $252.54, and Friday held near the high to end at $253.31. The weekly range was 3.03% between $246.75 and $254.35, with the close above the 20-day moving average at $250.50 and the 60-day at $246.62, sitting about 1.6% below the 60-day high of $257.40.
Sector News
US tech and AI news flow was heavy this week. Broadcom’s AI revenue hit $16.7 billion and it lifted its forecast, saying it has started shipping next-generation TPU Version 8i to Google; Microsoft expects Azure revenue growth of 44%-45% in constant currency for the first quarter of fiscal 2027; OpenAI launched GPT-6 Astra and said it could mark the start of the AGI era; Nvidia agreed to buy open-source AI platform Hugging Face for about $12.93 billion; and Micron plans to double monthly HBM capacity to 100,000 wafers. On the macro side, Fed Governor Waller’s remarks eased rate-hike fears and helped tech and materials lead a broad rebound. IYW.US itself had only two routine fund document updates and no material filings this week.
The Week Ahead
The week starts with the US NFIB small business optimism index, previously 99.8. September 10 is a busy data day with initial jobless claims, core and headline PPI, existing home sales, wholesale sales, and a 10-year note auction. The AI investment thread will stay in focus after fresh updates from Broadcom, Microsoft, and Nvidia. A hot PPI print could revive rate concerns and drive rotation pressure within growth-heavy tech.
In Short
IYW.US logged a modest 0.84% gain and held near the upper end of its 60-day range, showing resilience alongside strong AI-infrastructure news. Large-lot money was absent in the latest session while smaller flows were net buyers, reducing directional conviction. The negative P/E ratio makes valuation signals less anchored to a classic earnings lens. The key ahead is whether PPI and labour data shift rate expectations, and whether AI spending momentum stays firm enough to keep the fund above its moving averages.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.