💻 Apple Rises on India Expansion; NVIDIA Gains Ahead of Earnings, China AI Launch | Tech Sector Insights
Additionally, key contributors to VGT's performance include Nvidia, which is launching a new, cheaper AI chip for the Chinese market amid U.S. export restrictions; Apple, expanding manufacturing in India and increasing trade-in values in China; and Microsoft.
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Tuesday, May 27
VGT [+1.4%]
Vanguard Information Technology ETF (VGT)
President Donald Trump has delayed the implementation of a proposed 50% tariff on European Union imports until July 9, following discussions with EU Commission President Ursula von der Leyen. This decision is expected to ease immediate trade tensions, positively influencing technology sector stocks such as the Vanguard Information Technology ETF (VGT). U.S. stock futures have risen significantly in response to this announcement. Additionally, key contributors to VGT's performance include Nvidia, which is launching a new, cheaper AI chip for the Chinese market amid U.S. export restrictions; Apple, expanding manufacturing in India and increasing trade-in values in China; and Microsoft, highlighted at the Build conference while facing calls for restrictions from Russian President Putin. Other notable contributors include Broadcom and AMD, which also saw increases in their stock prices.