The iShares S&P 100 ETF (OEF) is rebalancing its holdings, removing Nike (NKE), Colgate-Palmolive (CL), Simon Property Group (SPG), and Honeywell (HON). Concurrently, it has added four AI capital expenditure-related tech stocks: Dell Technologies (DELL), Palo Alto Networks (PANW), Arista Networks (ANET), and SanDisk (SNDK).

This adjustment reflects a market shift towards AI-related technology stocks, with the index committee making constituent changes based on market capitalization shifts.