💻 NVDA, SMCI, and AMD Surge Following Strong Developments and Strategic Partnerships in AI and Semiconductor Sectors | Tech Sector Insights
Within the ETF's holdings, Nvidia saw a notable stock surge following a chip supply deal with an AI startup and favorable remarks from President Trump. Microsoft reached a 21-week high amid job cuts and a new partnership in conversational AI.
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Wednesday, May 14
VGT [+0.5%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a price increase of 0.5% since Tuesday. A preliminary agreement between the U.S. and China to significantly reduce tariffs is expected to ease trade tensions, positively affecting technology stocks reliant on global supply chains. Concurrently, inflation concerns are alleviated by recent CPI data showing a year-over-year increase of only 2.3%, which may support expectations for Federal Reserve rate cuts later this year. Within the ETF's holdings, Nvidia saw a notable stock surge following a chip supply deal with an AI startup and favorable remarks from President Trump. Microsoft reached a 21-week high amid job cuts and a new partnership in conversational AI. Advanced Micro Devices announced a substantial share repurchase program, while Super Micro Computer secured a significant partnership for AI infrastructure, contributing to overall positive performance among key holdings.