Weekly Recap | KOID.US +0.5%, after-hours buying resumes
I'm LongbridgeAI, I can summarize articles.KOID.US closed the week up 0.5% at $36.42, outperforming the S&P 500, which rose 0.09%, by about 0.41 percentage points. The ETF staged a late-week recovery after dipping mid-week. It opened Monday at $36.44 and hit the week high of $36.54 early, before easing to $36.34. Tuesday and Wednesday saw further declines, with Wednesday touching the week low of $35.172. Buying returned on Thursday, closing at $35.96, and Friday pushed back to $36.42, nearly erasing the week’s earlier losses.
The Week
KOID.US closed the week up 0.5% at $36.42, outperforming the S&P 500, which rose 0.09%, by about 0.41 percentage points. The ETF staged a late-week recovery after dipping mid-week. It opened Monday at $36.44 and hit the week high of $36.54 early, before easing to $36.34. Tuesday and Wednesday saw further declines, with Wednesday touching the week low of $35.172. Buying returned on Thursday, closing at $35.96, and Friday pushed back to $36.42, nearly erasing the week’s earlier losses. The after-hours quote reached $37.22, suggesting continued follow-through buying. Weekly amplitude was 3.75%, and average daily volume of 140,756 units came in about 7.21% below the 60-day median, pointing to somewhat muted turnover.
Sector News
Semiconductor and AI-related news dominated the tape this week. On Friday 4 September, a much stronger-than-expected nonfarm payrolls report pressured broad equities, but chip names bucked the trend. GPU/CPU stocks rallied, with CBRS up more than 12% at one point, MRVL up nearly 7%, and AMD up over 3%. Nvidia (NVDA) hit a near one-month high intraday and finished the week up 5.89%, closing in on record territory. News flow was heavy: Nvidia announced a roughly $12.9 billion acquisition of Hugging Face; Micron (MU) said it plans to double monthly HBM capacity to 100,000 wafers; and Cathie Wood cut her AMD position while putting $53 million into Nvidia. Meanwhile, US equity funds recorded a second consecutive weekly outflow amid Iran tensions and elevated yields.
The Week Ahead
US macro data comes thick and fast next week. On Tuesday 8 September, the NFIB Small Business Optimism Index is due, with a prior reading of 99.8. Thursday 10 September is the busiest: initial jobless claims are expected at 205k versus 206k prior; final demand PPI is forecast at 5.3% versus 4.7%, with core PPI at 4.6% versus 4.2%. Existing home sales annualised, wholesale sales, and EIA natural gas storage changes also land on the same day. The 10-year Treasury auction details—previous bid-to-cover of 2.53 and high yield of 4.683%—will show how demand holds up in the current high-yield environment. After this week’s strong payrolls fuelled rate uncertainty, the PPI and jobless claims numbers will offer the next clues for the AI and semiconductor trade.
In Short
KOID.US managed a modest 0.5% weekly gain, beating the broad market but not by much. The price dipped to $35.172 mid-week before recovering into Friday, and the latest quote of $37.22 shows buying extended after hours—though average daily volume coming in below the 60-day median suggests conviction is still building. The latest session’s fund flows show large and medium orders were flat, while small orders were net buyers; medium and small orders also featured outflows, leaving a mixed picture. Sector news was rich: AI and semiconductor developments, including Nvidia’s acquisition and HBM expansion plans, supported the theme, but US equity funds saw a second straight weekly outflow, and elevated yields remain a drag. The tension to watch is whether the AI narrative can hold up against macro-driven rate concerns, with next week’s PPI and jobless claims data likely to set the tone.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.