💻 NVIDIA Lowers Outlook on China Chip Restrictions; Adobe Drops Despite Strong Q2 Beat | Tech Sector Insights
Among VGT's holdings, Nvidia reported a substantial revenue shortfall for Q1 2025 due to U.S. export controls on AI chip sales to China, while Microsoft faced service disruptions but has since recovered.
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Friday, June 13
VGT [-1.0%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a decline of approximately 1.0%, coinciding with broader market volatility stemming from geopolitical tensions related to Israel's military actions in Iran. This situation has contributed to a significant drop in the U.S. stock markets, particularly affecting the technology sector. Notably, oil prices have surged over 13%, raising concerns about supply disruptions and their potential impact on economic stability. Among VGT's holdings, Nvidia reported a substantial revenue shortfall for Q1 2025 due to U.S. export controls on AI chip sales to China, while Microsoft faced service disruptions but has since recovered. Adobe's shares fell despite strong earnings, and the S&P 500 Index also saw a decrease of 0.83%, reflecting the prevailing market dynamics affecting technology stocks.