SCHD ETF Officially Becomes Biggest Dividend Fund as Price and Inflows Jump
The SCHD ETF has officially become the biggest dividend ETF after overtaking VIG, helped by its strong inflows and price performance.
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Micron stock faces labor strike risks in Taiwan alongside semiconductor tariff uncertainty, even as booming AI memory demand keeps global supply tight.
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The SCHD ETF has officially become the biggest dividend ETF after overtaking VIG, helped by its strong inflows and price performance.
ASML Holding stock rose 4% following a bullish analyst report from Lynx Equity Strategies on memory chipmakers Micron Technology and Sandisk. The report cited strong prospects for these chipmakers as they ramp up production to meet AI-driven demand for computing power. ASML, which supplies essential lithography systems to chipmakers, is positioned to benefit from this industry expansion.
Nvidia CEO Jensen Huang's single use of the word 'visibility' during earnings signals the company's unprecedented insight into AI infrastructure demand across land, power, and supply chains. With top hyperscalers expected to spend $800 billion on capex in 2026 and $1.3 trillion in 2027, Nvidia's 70% revenue growth guidance and strategic equity stakes in networking and optical companies position it as the architect of AI factories rather than just a chip vendor, suggesting secular demand rather than a bubble.
Major U.S. stock indexes fell modestly on Friday despite a stronger-than-expected August jobs report showing 162,000 payroll additions versus consensus of 53,000. The strong jobs data raised Fed rate hike odds to 60% for the September meeting, causing short-term Treasury yields to spike. Apple weighed on the market due to production issues with foldable devices, while Tesla dropped 6% following disappointing early reviews of its Cybercab service. Micron Technology surged on plans to double AI memory chip production by 2027.
The ongoing Nvidia stock surge has pushed Jensen Huang's net worth by over $48 billion and is the eighth-richest man in the world.
David Sacks says AI politics is shifting from speed versus caution to open, decentralized systems versus centralized control by major firms.