Microsoft Ranks Top-Three Holding in $89B ITOT vs $13.5B SPTM as AI Layoffs Hit 26%
ITOT and SPTM ETFs share 0.03% fees and list Microsoft among their top-three holdings; ITOT’s $89 billion assets and 2,504 holdings exceed SPTM’s $13.5 billion and 1,511. AI-driven layoffs climbed to 26% of announcements from 0% a year ago, and 42% of firms now anticipate AI will reduce hiring pipelines.
1. ETF Assets and Holdings
ITOT and SPTM are total U.S. market ETFs with matching 0.03% expense ratios but diverging scale and breadth: ITOT manages $89 billion across 2,504 stocks versus SPTM’s $13.5 billion across 1,511 stocks. Both funds rank Microsoft among their top-three positions, underscoring its significant weight in passive U.S. equity allocations.
2. Surge in AI-Driven Layoffs
Layoffs explicitly attributed to AI rose to 26% of monthly announcements from none a year earlier, while 42% of firms now expect AI to trim hiring pipelines. This sharp uptick in AI deployment may bolster demand for Microsoft’s cloud infrastructure and AI service offerings as enterprises seek to implement cost-saving automation.