The S&P 500 Technology Sector SPDR (XLK) has seen a pullback after a strong start in 2026. XLK tracks around 70 tech stocks in the S&P 500, with high valuations and market demand for results from AI investments. Winners like Sandisk (SNDK) and Western Digital (WDC) are facing vulnerability, while losers like Intuit (INTU) and AppLovin (APP) are struggling. The tech sector is no longer a rising tide scenario, with the market becoming selective and rewarding companies with clear AI monetization. Risk management is crucial in this environment.

Source: www.barchart.com

Read more at Barchart: This ETF Provides a Lens For Analyzing S&P 500 Tech Winners and Losers in 2026