XLK, IBM, QCOM, AMAT: Significant ETF Outflow of $65.4 Million.

The Technology Select Sector SPDR Fund (XLK) has seen a $65.4 million outflow, a 0.1% decrease in shares outstanding. International Business Machines Corp (IBM) is down 0.1%, Qualcomm Inc (QCOM) is down 1%, and Applied Materials, Inc. (AMAT) is down 2.2%. XLK's price performance has been stable, with a 52-week range of $172.45 to $270.05 and a last trade of $257.34.

The Technology Select Sector SPDR Fund (XLK) has seen a notable $65.4 million outflow, representing a 0.1% decrease in shares outstanding over the past week. This week-over-week change is significant given the fund's total shares outstanding of 319,655,897 [1].

Among the largest underlying components of XLK, International Business Machines Corp (IBM) has fallen by approximately 0.1%, Qualcomm Inc (QCOM) has dropped by about 1%, and Applied Materials, Inc. (AMAT) has declined by about 2.2%. These declines contribute to the overall outflow from the fund [1].

IBM, QCOM, and AMAT are key players in the technology sector, and their individual performances can significantly impact the broader fund. IBM's 0.1% decrease is relatively minor, but QCOM's 1% drop and AMAT's 2.2% decline suggest more substantial concerns within their respective companies [1].

AMAT's recent performance is particularly noteworthy. The company reported a 14% drop in its stock price after delivering weak fourth-quarter guidance. The guidance fell short of Wall Street expectations due to lower-than-anticipated revenue and adjusted earnings per share. The company cited increasing uncertainty and lower visibility driven by macroeconomic factors and trade issues, particularly those affecting its China business [3].

QCOM, on the other hand, launched the Snapdragon 7s Gen 4, a minor update to its Snapdragon series. The new chip offers a 7% performance increase and enhanced display support, but the gains are modest compared to previous updates. The first smartphone to adopt this new chip is expected to be the Redmi Note 15 Pro Plus from Xiaomi [2].

Despite these individual challenges, XLK's price performance has remained relatively stable. Over the past 52 weeks, the fund's price has ranged from $172.45 to $270.05, with a last trade of $257.34. The fund's 200-day moving average provides a useful technical analysis tool, helping investors assess the fund's performance relative to its recent trend [1].

Investors should closely monitor the performance of these underlying components and the broader economic environment as they may continue to influence XLK's future performance.

References:
[1] https://www.nasdaq.com/articles/xlk-ibm-qcom-amat-etf-outflow-alert
[2] https://www.technetbooks.com/2025/08/qualcomm-snapdragon-7s-gen-4-launch.html
[3] https://www.tikr.com/blog/applied-materials-stock-tanked-14-on-weak-guidance-due-to-china-demand