IVV, ETHD: Big ETF Inflows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2024
0mins
Source: NASDAQ.COM
ETF Inflows Overview: The iShares Core S&P 500 ETF saw the largest inflow with an addition of 14.5 million units, marking a 1.6% increase from the previous week, while major components like Apple and Microsoft also experienced slight gains in morning trading.
ProShares 404 Performance: The ProShares 404 ETF had the highest percentage increase in inflows, adding 20,000 units, which represents a significant 40% rise in outstanding units.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 295.630
Low
239.00
Averages
306.89
High
350.00
Current: 295.630
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Profitability Boost: Apple's ability to enhance profitability without major product innovations demonstrates its strong market adaptability and operational efficiency, which has bolstered investor confidence.
- Stock Performance: As of the afternoon of June 10, 2026, Apple's stock price rose by 1.52%, reflecting a positive market reaction to its improved profitability, potentially driving future investment inflows.
- Investor Confidence: The company's profitability growth strategy indicates its strong appeal in a competitive tech market, likely attracting more institutional investors to its stock.
- Future Outlook: Despite the absence of new product launches, Apple's sustained profitability growth suggests its leadership position in the market and ongoing innovation capabilities, signaling stable growth potential ahead.
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- AI Competitive Edge: Apple's capital expenditure-to-revenue ratio stands at just 2.5%, significantly lower than the 10%+ seen at most peers, allowing it to remain agile and reduce financial risks in the AI race.
- User Base Growth: The number of active devices has increased from 2.35 billion to 2.5 billion, adding 150 million devices, which provides a robust market foundation for future AI applications.
- Stock Valuation Analysis: Apple trades at over 35x forward non-GAAP P/E, significantly higher than Microsoft and Meta, indicating strong market expectations for future growth but also presenting valuation risks.
- Positive Market Feedback: According to RiverPark Large Growth Fund's investor letter, Apple's iPhone 17 sales in Q4 2025 exceeded expectations, particularly in North America and Europe, reflecting strong product acceptance and service momentum.
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- First Day Performance: SpaceX's IPO on Nasdaq closed at $161, a 19% increase from its $135 offer price, indicating strong investor optimism and solidifying its position in the tech sector.
- Retail Investor Enthusiasm: Following the IPO, SpaceX attracted retail investors who purchased $100 billion in shares, although analysts caution that investors may panic if the company fails to deliver expected results in the coming quarters.
- Valuation Controversy: Despite SpaceX's valuation reaching $1.75 trillion, reflecting a nearly 100 times P/E ratio, analysts like Matthew Maley and Morningstar's Nicolas Owens argue that the stock is significantly overvalued, with a fair value estimate of only $63 per share.
- Future Outlook: Despite valuation concerns, analysts remain optimistic about SpaceX's long-term prospects, believing that under the leadership of Gwynne Shotwell and Elon Musk, the company has the potential to overcome challenges and achieve sustainable growth.
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- Successful SpaceX IPO: SpaceX's IPO was executed at a fixed price, with underwriters Goldman Sachs and Morgan Stanley ensuring nearly all investors profited, reflecting strong market confidence in its future growth potential.
- Substantial Contract Revenue: SpaceX has lucrative contracts with Google worth $920 million per month and Anthropic at $1.25 billion monthly, indicating its dominant position in the compute rental market and significant profitability.
- Starlink User Growth: With 12 million subscribers, Starlink is poised to attract more users if it can rapidly manufacture satellites and expand coverage, potentially threatening services like Netflix and further increasing its market share.
- Optimistic Future Outlook: As SpaceX's divisions continue to evolve, market sentiment remains bullish, especially with the potential inclusion in the Nasdaq 100, which could attract more capital inflows and drive stock prices higher.
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- TSMC Market Dominance: Taiwan Semiconductor Manufacturing, the world's leading semiconductor manufacturer, produces about 70% of processors and nearly 90% of advanced processors, with projections indicating a $1.5 trillion global chip market by 2030, driven by AI processor demand that boosted its sales by 32% to $121 billion in 2025, further solidifying its market position.
- Google AI Service Growth: Alphabet's Gemini AI model has doubled its user base to over 900 million in the past year, contributing to a 63% increase in Google Cloud sales to $20 billion in Q1, showcasing the extensive application of AI services and future revenue potential, with plans to gradually raise prices and introduce new features to enhance earnings.
- Nvidia's Market Share: Nvidia commands 86% of the AI data center revenue market, and despite rising competition, its latest quarter saw an 85% revenue increase to nearly $82 billion, with diluted earnings soaring 140% to $1.87 per share, reflecting its strong performance in the AI processor sector and relatively low price-to-earnings ratio.
- Future Demand Outlook: As the robotics and autonomy sectors expand, Nvidia anticipates a significant increase in demand for its high-end processors, with RBC analysts predicting the robotics industry could reach $9 trillion by 2050, further enhancing Nvidia's appeal as a long-term AI investment.
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- Market Leadership: Taiwan Semiconductor Manufacturing (TSMC) is the world's leading semiconductor manufacturer, producing about 70% of processors and nearly 90% of advanced processors, with projections indicating that the global chip market will reach $1.5 trillion by 2030, driven primarily by AI processor demand, which will further boost the company's sales.
- Alphabet's AI Progress: Alphabet's Gemini AI model has seen its user base double over the past year to over 900 million users, with Google Cloud sales attributed to AI services growing 63% to $20 billion in the first quarter, showcasing its strong growth potential in the AI sector.
- Nvidia's Market Share: Despite rising competition, Nvidia maintains an 86% share of the AI data center revenue market, with revenue increasing by 85% to nearly $82 billion in the most recent quarter, demonstrating its ongoing leadership and profitability in the AI processor space.
- Future Demand Outlook: As the robotics and autonomy sectors expand, Nvidia anticipates a significant increase in demand for high-end processors, with RBC analysts predicting the robotics industry could be worth $9 trillion by 2050, further solidifying Nvidia's long-term investment appeal.
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