The S&P 100 ETF Just Dumped Nike and Colgate for 4 AI Stocks. Here’s What That Means for Your Portfolio

finance.yahoo.com · 2026-09-07

The iShares S&P 100 ETF just swapped out a toothpaste giant and a mall REIT for four AI infrastructure plays, and the move reveals something uncomfortable about what this so-called blue-chip fund has quietly become.

TickrTrends take: Arista Networks operates in the Technology sector where AI-related shifts in major index compositions are occurring, as evidenced by recent S&P 100 ETF rebalancing activity favoring artificial intelligence stocks. Given TickrTrends' current assessment of ANET as fairly valued, investors focused on valuation should monitor whether the broader market rotation toward AI stocks creates pricing pressures that could shift the stock away from its current valuation equilibrium. The concentration of capital flows into AI-related technology names may influence ANET's relative valuation standing depending on how the company's AI exposure compares to other beneficiaries of this sector rotation.

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