Vanguard S&P 500 ETF (VOO) Dips Amid AI Valuation Concerns, Pre-Market Rebound Emerges
The Vanguard S&P 500 ETF (VOO) fell 1.52% on Thursday, dragged down by fading momentum in Nvidia's post-earnings rally and renewed skepticism around AI stock valuations. A modest pre-market recovery of 0.20% suggests tentative bargain hunting.
Tracking the S&P 500 Index (SPX), which dropped 1.56%, VOO mirrored broader market weakness. The tech-heavy Nasdaq 100 (NDX) bore the brunt with a 2.38% decline. Despite the pullback, $5 billion in net inflows over five days signals sustained institutional appetite for large-cap exposure.
Analyst consensus rates VOO a Moderate Buy, with a $741.57 price target implying 23.6% upside potential. Loews (L) and Fiserv (FI) lead its highest-conviction holdings, while Albemarle (ALB) and W.R. Berkley (WRB) top the risk list.
