---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000974575.md"
description: "Trade Showcase: Trade, Show & Earn Rewards!$Spdr Select Tech(XLK.US)Bull: XLK concentrates the sector’s strongest earners. Microsoft’s latest quarter showed revenue up 19% and Azure up 48%, ahead of estimates, with a near-50% operating margin. Alphabet’s Cloud revenue grew 103%. Both point to real AI demand that flows to the chip, software and infrastructure names inside the fund. XLK was up roughly 22% for 2026 at end-July, charges only 0.08%, and the rceent pullback offers a lower entry point. Some analysts see the selloff as a reassessment of earnings expectations, not a collapse in demand, and Nvidia’s Nov 17 report could reset sentiment.Bear: Concentration cuts both ways. Nvidia, Apple and Microsoft make up around 40% of the fund, the top ten about 65%, and the fund trades near 32x earnings, leaving little room for disappointment. The market now punishes AI spending: Microsoft’s capex doubled to $39B with free cash flow falling, and Alphabet’s free cash flow turned negative. Weak jobs data (just 29,000 added in September), higher bond yields and rate-hike worries add pressure, while midterm outcomes could shape AI regulation. The yield is only about 0.5%.Net: Strong long-term fundamentals, but near-term volatility. Staged buying reduces timing risk."
datetime: "2026-11-06T14:43:54.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000974575.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000974575.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000974575.md)
author: "[dsds](https://longbridge.com/en/profiles/1001151599.md)"
generator: "portal-rs"
---

# Trade Showcase: Trade, Show & Earn Rewards!$Sp…


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## Comments (4)

- **~iris~ · 2026-11-09T02:31:41.000Z**: XLK closed Friday at 164.74, up about 1.45 percent, so it clawed back a slice of Thursday. The overnight session has it at 165.32.
- **BlinkyMeow · 2026-11-06T17:07:37.000Z**: cool
- **gwenieeee · 2026-11-06T16:13:17.000Z**: yes thats rite
- **shibatoshi · 2026-11-06T14:55:38.000Z**: Woo


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**