💻 AMD and Qualcomm Gain on Analyst Upgrades and AI-Focused Moves | Tech Sector Insights
(VGT) has seen a daily return increase of 0.5%. Significant contributors to this performance include NVDA, AAPL, AMD, and QCOM.
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Monday, June 9
VGT [+0.5%]
Vanguard Information Technology ETF (VGT)
The U.S. stock market is currently exhibiting positive sentiment, bolstered by ongoing trade talks between the United States and China in London, aimed at alleviating tensions impacting global markets. Additionally, strong job growth data released last week has contributed to this optimism. The Vanguard Information Technology ETF (VGT) has seen a daily return increase of 0.5%. Significant contributors to this performance include NVDA, AAPL, AMD, and QCOM, with Qualcomm announcing its agreement to acquire Alphawave IP Group Plc for approximately $2.4 billion. This acquisition, which represents a substantial premium over Alphawave's previous price, is designed to enhance Qualcomm's capabilities in the data center sector, particularly in AI and custom CPU markets. The deal awaits regulatory and shareholder approval and is expected to close in the first quarter of 2026.