The MarketReader Minute
(VGT) fell 2.5% Tuesday amid renewed pressure on high-valuation tech stocks. Nvidia declined after the U.S. expanded restrictions on AI chip exports to China. Mixed earnings from Uber and Palantir, and heightened geopolitical tensions, even as tech ETFs saw $2.1 billion in inflows last week.
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(VGT) gained 0.6% following the Federal Reserve’s 25 bps rate cut, fueling optimism across technology equities. Nvidia surged past a $5 trillion market cap after its developer conference spotlighted AI innovation, lifting sector sentiment. AVGO and TER advanced on strong Q3 results.
The MarketReader Minute
(VGT) has experienced a decline of approximately 1.6% during market hours on Wednesday. This drop coincides with the ongoing U.S. government shutdown, now in its fourth week, which is creating uncertainty in financial markets.
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(VGT) gained 1.0% since Tuesday, fueled by strong performances from AMD, Apple, and Broadcom. AMD surged after analysts raised price targets following its major GPU deal with Oracle, while Apple’s new M5 chip launch boosted demand sentiment.
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(VGT) slipped 0.2% on Thursday, tracking a broader market decline. While a peace deal between Israel and Hamas eased global tensions, persistent worries over a U.S. government shutdown pressured sentiment. Major holdings including Apple, Microsoft, AMD, and Micron all fell.
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(VGT) declined 0.3% since Thursday as the U.S. government shutdown delays key reports like Nonfarm Payrolls. Nvidia fell on stalled AI chip deals, while AMD slid despite strong Steam survey metrics. AMAT and KLA dropped on new export curbs, and Palantir declined amid scrutiny over security flaws.
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(VGT) rises 0.1% amid political gridlock and uncertainty around upcoming labor data. Major holdings, including Salesforce, ServiceNow, Apple, Adobe, and HubSpot, dragged on performance despite new AI and software rollouts. The S&P 500 also declined, underscoring broader market caution.
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(VGT) fell 0.4% as the S&P 500 also declined, despite Q2 GDP growth of 3.8% and lower jobless claims signaling economic strength. Microsoft’s service halt to an Israeli defense unit, Oracle’s Sell rating and bond plans, and a Qualcomm downgrade offset solid results from Accenture.
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VGT fell nearly 1% alongside a broader S&P 500 pullback, after Fed Chair Jerome Powell cautioned on equity valuations and inflation risks. Apple, Nvidia, Microsoft, Oracle, and Adobe all traded lower, with Oracle under pressure from a planned bond sale and Adobe downgraded by Morgan Stanley.
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(VGT) fell after Fed Chair Jerome Powell flagged inflation risks despite potential rate cuts. Nvidia’s multibillion-dollar AI partnership with OpenAI failed to lift tech stocks, with Microsoft and Apple also retreating. Oracle announced a Texas data center expansion with OpenAI.
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VGT rose 1.7% after the Fed’s 25bps cut boosted equity sentiment. Nvidia’s massive AI partnership with OpenAI fueled optimism across chipmakers, while Apple gained on strong iPhone 17 sales. Oracle reaffirmed guidance with new co-CEOs, and Applied Materials advanced on an MSCO upgrade.
The MarketReader Minute
The Vanguard Information Technology ETF gained Thursday, lifted by rate cut optimism and sector catalysts. Nvidia’s $5B Intel partnership, Apple’s strong Asia demand, and Microsoft’s AI server push drove momentum, while Intuit advanced on upbeat AI revenue prospects.
