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The Vanguard Information Technology ETF (VGT) has seen a price increase of 0.4% since Wednesday. Significant contributors to this performance include NVIDIA (NVDA), which returned nearly 2%, and Broadcom (AVGO), which rose over 4%.
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Thursday, September 12
VGT [+0.4%]
The Vanguard Information Technology ETF (VGT) has seen a price increase of 0.4% since Wednesday. Significant contributors to this performance include NVIDIA (NVDA), which returned nearly 2%, and Broadcom (AVGO), which rose over 4%. Oracle (ORCL) reached an all-time high, with a notable year-to-date surge of 51%, following a quarterly earnings report that emphasized its strength in the AI sector through partnerships. This surge has notably increased co-founder Larry Ellison's wealth by $45.1 billion this year, surpassing Bill Gates in the Bloomberg Billionaire's Index. Apple Inc. (AAPL) has shifted mass production of its new iPhone 16 series to India, moving away from China to diversify its supply chains amid geopolitical tensions. This decision reflects confidence in India's manufacturing capabilities while addressing risks associated with operations in China.