Nvidia Leads ETF Decline While Siri AI Revamp May Boost GPU Demand
NVDA•Nvidia shares logged the largest loss among Magnificent Seven ETF components, driving a sharp pullback in the fund. Apple’s upcoming WWDC could channel Siri AI queries through Google Cloud using Nvidia GPUs, potentially boosting future data center revenue.
1. ETF Decline Highlights Nvidia Weakness
On June 5 the Magnificent Seven ETF slid sharply after Nvidia and Tesla logged the fund’s biggest daily losses, weighing on overall performance and investor sentiment in high-profile tech names.
2. Apple WWDC Could Drive GPU Demand
Apple plans to overhaul Siri at WWDC on June 8 by integrating Google’s Gemini models, with some voice queries processed via Google Cloud on Nvidia GPUs, a development that could lift Nvidia’s data center sales in coming quarters.
