💻 Box Surges on Strong Earnings, Super Micro Crumbles Amid Scandal, and NVIDIA Faces Unprecedented Scrutiny Ahead of Key Report | Tech Sector Insights
Key holdings have contributed to this performance, with NVIDIA (NVDA) dropping significantly, alongside Microsoft (MSFT), which also saw a decrease but is benefiting from increased customer adoption of its generative AI-based Copilot software.
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Wednesday, August 28
VGT [-0.4%]
The Vanguard Information Technology ETF (VGT) has experienced a decline of 0.5% since Tuesday. Key holdings have contributed to this performance, with NVIDIA (NVDA) dropping significantly, alongside Microsoft (MSFT), which also saw a decrease but is benefiting from increased customer adoption of its generative AI-based Copilot software. Super Micro Computer, Inc. (SMCI) has faced challenges, announcing a delay in filing its Annual Report due to concerns over internal controls and accounting practices, which has led to a notable decline in its shares. Other contributors to the ETF's performance include declines in Advanced Micro Devices (AMD) and Broadcom (AVGO).