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: The rebalancing of major equity indices away from traditional consumer defensive holdings like Colgate signals a market rotation toward artificial intelligence investments, which may affect valuations across the Consumer Defensive sector. TickrTrends currently assesses CL as undervalued, suggesting that continued capital flows toward AI-focused equities could create pricing disparities within defensive stocks that merit observation for valuation-conscious investors. The divergence between index weightings and fundamental valuations in this sector warrants monitoring to determine whether undervaluation assessments will hold as sector preferences shift.

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