A quirk with one of the most popular tech ETFs has seen the product lag this year because it couldn't own enough Nvidia. On Friday, that looks set to change.
Futures rose with AI plays powering higher. The Nasdaq and Nvidia are nearing extreme levels, raising risks of a pullback.
Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add more than $92 billion to its market value of $3.34 trillion at $139.35, compared with Microsoft's $3.32 trillion. Dell Technologies and Super Micro Computer gained 3.8% and 4.8%, respectively. The companies make servers equipped with Nvidia chips, enabling them to capitalize on the surging demand for processors that power virtually all AI applications.