5 Best Performing ETFs of the New Bull Market
Nasdaq Bulls are back in the market, with S&P 500 Index rising 20% from the lows seen in October last year. The rally came on the back of an astonishing surge in mega-cap tech stocks fueled by the artificial intelligence (AI) boom and higher appeal for the safe value stocks.
In particular, the rally is concentrated in just a handful of companies, including Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL, GOOG), Amazon (AMZN), Meta Platforms (META) and Tesla (TSLA). As such, the top ETF performers are from the tech sector and dominating the new bull market over the past six months. These are Valkyrie Bitcoin Miners ETF WGMI, VanEck Vectors Digital Transformation ETF DAPP, Bitwise Crypto Industry Innovators ETF BITQ, Global X Blockchain ETF BKCH and MicroSectors FANG+ ETN FNGS.
Inside the New Bull Trend
The AI mania has accelerated into the summer months, pushing key stocks like Nvidia (NVDA) and Microsoft (MSFT) higher. In fact, Nvidia joined the trillion-dollar market capitalization club last month and became the first chipmaker ever to hit the trillion level (read: Nvidia, AI boom & Chip ETFs).