Non-tech stocks rally as tech ETFs fall amid AI boom doubts and chip stock surge.

Over the past five trading days, non-tech ETFs like the State Street Financial Select Sector SPDR Fund (XLF) gained 1.6%, while tech-focused ETFs such as the State Street Technology Sector SPDR Fund (XLK) dropped 4.3%. The Dow Jones ETF rose 1.7%, contrasting with a 2.8% decline in the Invesco QQQ Trust, which tracks tech-heavy stocks. This rotation reflects growing skepticism about the sustainability of the AI boom and the recent surge in chip stocks, causing investors to shift from tech to more traditional sectors. This shift highlights changing market sentiment and may influence portfolio strategies going forward.

XLF trades at USD 55.31 with a slight 0.07% gain on Pluang as of Oct 16, 2026 19:21 WIB. XLK is priced at USD 188.76, down 0.21%, reflecting cautious sentiment among tech investors. DIA remains steady at USD 521.02 with a minimal 0.03% drop, showing strong buy interest on Pluang.