💻 FSLR Soars on Tax Bill News; NVDA Gains with Boost from U.S.-Saudi AI Deal | Tech Sector Insights
Among the ETF's holdings, NVIDIA (NVDA) emerged as a top performer, with notable discussions to supply advanced AI chips to Saudi Arabia, while Broadcom (AVGO) announced a collaboration with Corning to enhance AI data center processing capabilities.
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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Tuesday, May 13
VGT [+1.6%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a daily return increase of 1.47%, attributed to recent developments in U.S.-China trade relations, which include a significant reduction in tariffs by 115% for 90 days starting May 14th. Among the ETF's holdings, NVIDIA (NVDA) emerged as a top performer, with notable discussions to supply advanced AI chips to Saudi Arabia, while Broadcom (AVGO) announced a collaboration with Corning to enhance AI data center processing capabilities. First Solar (FSLR) saw a substantial stock price increase following upgrades from Wolfe Research, despite a revised price target from Goldman Sachs. Additionally, the AUD/USD currency pair appreciated by 0.86%, reflecting broader market movements that may also influence VGT's performance.