💻 Semiconductor Slump: NVIDIA, Amphenol, and TSMC Tumble Amid Sector-Wide Setbacks, While Unity Software Defies the Downtrend | Tech Sector Insights
Among VGT's holdings, NVIDIA experienced a significant decline due to delays with its Blackwell chips and a modest earnings report, contributing notably to the ETF's performance.
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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Tuesday, September 3
VGT [-2.2%]
The Vanguard Information Technology ETF (VGT) has declined by 1.9% since Friday, mirroring a broader market trend as the S&P 500 Index has dropped by 0.92%. Among VGT's holdings, NVIDIA experienced a significant decline due to delays with its Blackwell chips and a modest earnings report, contributing notably to the ETF's performance. Apple also saw a decrease as it discontinues older products in anticipation of the iPhone 16 launch, despite indications of strong demand for the new model. Other contributors to the downward movement included AVGO, AMD, and AMAT, all of which posted declines.