💻 NVIDIA's Post-Earnings Slump Dominates Market Moves While Microsoft, Apple, and Nutanix Surge on AI Ambitions and Stellar Results | Tech Sector Insights
Significant contributions to this performance came from several holdings. Microsoft (MSFT) saw a notable return, supported by reports of its negotiations for a multi-billion dollar investment in OpenAI, potentially boosting its valuation significantly.
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Thursday, August 29
VGT [+1.2%]
The Vanguard Information Technology ETF (VGT) has experienced a price increase of 1.0% since Wednesday. Significant contributions to this performance came from several holdings. Microsoft (MSFT) saw a notable return, supported by reports of its negotiations for a multi-billion dollar investment in OpenAI, potentially boosting its valuation significantly. Apple (AAPL) was named Citigroup's top AI pick for 2025, with expectations surrounding advanced AI features in the upcoming iPhone 16 and increased orders for new devices. Broadcom (AVGO) and NetApp announced enhancements to VMware Cloud Foundation deployments, while ServiceNow (NOW) reached a four-week high, reflecting substantial gains over the past month and year.