💻 Adobe Stumbles on Q4 Guidance Despite Strong Earnings, While Oracle and Arm Surge Amid Bullish Long-Term Projections | Tech Sector Insights
Key contributors to this performance include Nvidia, Broadcom, Oracle, Applied Materials, and Micron, each experiencing notable returns. Oracle Corp announced long-term revenue guidance exceeding consensus estimates, projecting at least $66 billion for fiscal 2026.
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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Friday, September 13
VGT [+0.3%]
The Vanguard Information Technology ETF (VGT) has seen a price increase of 0.3% since Thursday. Key contributors to this performance include Nvidia, Broadcom, Oracle, Applied Materials, and Micron, each experiencing notable returns. Oracle Corp announced long-term revenue guidance exceeding consensus estimates, projecting at least $66 billion for fiscal 2026, with expectations reaching $104 billion for fiscal 2029. Applied Materials declared a quarterly dividend of $0.40 per share, yielding 0.9%. Additionally, the recent appointment of Carolina Dybeck Happe as COO of Microsoft Corp emphasizes the company's focus on cloud services and AI, aligning with its competitive strategy against Amazon Web Services. Microsoft has gained 27% over the past year. Meanwhile, the Russell 2000 Index has risen by 1.18%, reflecting broader market sentiment that may also influence VGT's performance.