Vanguard S&P 500 ETF Snaps Losing Streak Amid Tech Rally
The Vanguard S&P 500 ETF (VOO) ROSE 0.36% on Wednesday, halting a four-day decline, with pre-market gains of 1.10% following Nvidia's bullish earnings report. The chipmaker's robust Q3 results and optimistic Q4 outlook, fueled by demand for its Blackwell AI chips, alleviated concerns about an AI sector bubble.
Tracking the S&P 500 Index (SPX), which climbed 0.38%, and the Nasdaq 100 (NDX), up 0.56%, VOO reflects renewed confidence in large-cap U.S. equities. TipRanks data shows $6 billion in net inflows over five days, underscoring steady investor appetite.
Analysts maintain a Moderate Buy rating for VOO, with a consensus price target of $721.66—an 18.5% upside potential. Top holdings with high growth projections include Loews, Fiserv, and Moderna, while Albermarle lags as a key downside risk.
