💻 Fujifilm Outshines Sector with Bullish Outlook, While Micron and NVIDIA Ride High on Strategic Wins | Tech Sector Insights
Microsoft has announced a partnership with Ituran Location and Control and Porsche to improve real-time data telemetry for racing teams in Brazil, Argentina, and Portugal for the upcoming season.
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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Wednesday, August 14
VGT [+0.5%]
The Vanguard Information Technology ETF (VGT) has risen by 0.5% in pre-market trading, coinciding with a 0.88% increase in the Russell 2000 Index. Key contributors to VGT's performance include NVDA, MSFT, MU, AVGO, and AMD, with NVDA leading the way. Microsoft has announced a partnership with Ituran Location and Control and Porsche to improve real-time data telemetry for racing teams in Brazil, Argentina, and Portugal for the upcoming season. Micron Technology is experiencing mixed investor sentiment, highlighted by significant options activity suggesting a broad anticipated price range, alongside favorable analyst ratings projecting a target price of 145.