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5 Technology Stocks Powering the S&P 500 ETF This Year

The S&P 500 Index hit a new all-time high following Nvidia Corp.’s impressive earnings report, fueling optimism in the global market. The SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500 Index, has seen a 4.6% increase in value this year, driven by strong corporate earnings and the growth of artificial intelligence.

Five technology stocks have stood out with double-digit gains in 2025 and have a Zacks Rank of #1 (Strong Buy), #2 (Buy), or #3 (Hold). These stocks include Nvidia (NVDA), Meta Platforms (META), Uber Technologies, Inc. (UBER), Advanced Micro Devices (AMD), and Applied Materials (AMAT).

Earnings reports from S&P 500 companies show a 4.9% increase in fourth-quarter earnings and a 3.4% rise in revenues compared to the previous year. The technology sector has played a significant role in driving this growth trend. Nvidia, in particular, reported a remarkable 265% increase in revenues, reflecting a high demand for AI hardware and signaling a promising future for the semiconductor industry.

The economy continues to show resilience, with positive data indicating a strong consumer sentiment and a potential soft landing for inflation. The American Association of Individual Investors (AAII) Sentiment Survey reported a rise in bullish sentiment, further supporting the positive outlook.

The SPDR S&P 500 ETF Trust holds a diversified portfolio of 503 stocks, with a balanced distribution across sectors. It has an AUM of $488.5 billion and charges 9 bps in fees per year. The ETF has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

Among the best-performing tech stocks in the ETF are Nvidia, Meta Platforms, Uber Technologies, Advanced Micro Devices, and Applied Materials. These companies have shown strong growth potential and have received favorable rankings from Zacks.

Overall, the technology sector continues to drive market growth, with companies like Nvidia leading the way in innovation and revenue generation. Investors can look to these top-performing tech stocks for potential returns in the coming months.

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