💻 Oracle's Earnings Misses Expectations; Marvell, CrowdStrike See Positive Movements | Tech Sector Insights
Among its holdings, notable contributors include NVIDIA, ServiceNow, Broadcom, Salesforce, and CrowdStrike.
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Tuesday, March 11
VGT [+0.6%]
Vanguard Information Technology ETF (VGT)
Global equity markets are experiencing significant declines, with the Nasdaq Composite falling notably amid heightened recession fears linked to President Trump's tariff policies. This downturn has contributed to a broader sell-off in technology stocks, directly impacting the Vanguard Information Technology ETF (VGT). Among its holdings, notable contributors include NVIDIA, ServiceNow, Broadcom, Salesforce, and CrowdStrike. ServiceNow's acquisition of AI startup Moveworks for $2.85 billion has elicited mixed analyst reactions, with Canaccord Genuity maintaining a Buy rating while others adjusted price targets downward. Bernstein has recommended Broadcom as an attractive investment amidst market volatility, citing growth potential in the semiconductor sector. CrowdStrike has expanded its Accelerate partner program, reporting strong fourth-quarter revenue that exceeded estimates.