💻 Apple Manufacturing Push and AMD AI Deal Drive Tech Gains | Tech Sector Insights
Tech stocks advanced as Apple announced a major expansion of U.S. manufacturing in Houston and AMD’s AI partnership with Meta boosted semiconductor sentiment. (VGT) rose about 1.7%, supported by gains in Apple, AMD, Microsoft, Salesforce, and NVIDIA.
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Tuesday, February 24
VGT [+1.5%]
Vanguard Information Technology ETF (VGT)
Apple Inc. has announced a significant expansion of its manufacturing operations in Houston, Texas, marking the first shift of Mac Mini production to the U.S. This facility will double in size and include a dedicated training hub for advanced manufacturing skills. Concurrently, the U.S. stock market is experiencing volatility due to renewed trade uncertainties following President Trump's announcement of new tariffs, impacting major indices like the Dow and Nasdaq. AMD's partnership with Meta for AI infrastructure may positively influence the tech sector. The Vanguard Information Technology ETF (VGT) has seen a price increase of 1.7%, coinciding with a rise in the S&P 500 Index by 0.69%. The top contributors to VGT's performance include Apple, AMD, Microsoft, Salesforce, and NVIDIA, all showing increased returns.