The MarketReader Minute
The tech sector is trending higher ahead of the close, showing resilience amid escalating geopolitical risks between Israel and Iran. Strong expectations for a steady Fed rate decision and AMD’s AI-driven breakout are supporting gains.
The MarketReader Minute
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.
The MarketReader Minute
Among VGT's holdings, NVIDIA reported a solid return, bolstered by its strategic positioning in AI and technology, while Microsoft and Broadcom also contributed positively.
The MarketReader Minute
(VGT) has seen a daily return increase of 0.5%. Significant contributors to this performance include NVDA, AAPL, AMD, and QCOM.
The MarketReader Minute
(VGT) has experienced a daily return of approximately 1.5%, coinciding with a positive shift in the broader market. The U.S. labor market showed resilience in May, with nonfarm payrolls increasing significantly and the unemployment rate steady, suggesting ongoing economic stability.
The MarketReader Minute
A U.S. federal court ruling against President Trump's tariffs is anticipated to ease trade tensions and bolster market sentiment within technology sectors represented by the ETF.
The MarketReader Minute
Additionally, key contributors to VGT's performance include Nvidia, which is launching a new, cheaper AI chip for the Chinese market amid U.S. export restrictions; Apple, expanding manufacturing in India and increasing trade-in values in China; and Microsoft.
The MarketReader Minute
(VGT) is currently down by 2.3%, reflecting a broader market trend as the S&P 500 Index has also declined significantly. The U.S. House of Representatives passed a substantial tax bill, projected to add approx to the national debt over the next decade, raising concerns about fiscal health.
The MarketReader Minute
Significant contributors to VGT's performance include Microsoft, Nvidia, Apple, and Broadcom, all of which experienced declines.
The MarketReader Minute
Among VGT's holdings, Apple Inc. has faced scrutiny over a potential partnership with Alibaba Group, raising national security concerns. Former President Donald Trump criticized Apple CEO Tim Cook regarding manufacturing shifts to India.
The MarketReader Minute
Within the ETF's holdings, Nvidia saw a notable stock surge following a chip supply deal with an AI startup and favorable remarks from President Trump. Microsoft reached a 21-week high amid job cuts and a new partnership in conversational AI.
The MarketReader Minute
Among the ETF's holdings, NVIDIA (NVDA) emerged as a top performer, with notable discussions to supply advanced AI chips to Saudi Arabia, while Broadcom (AVGO) announced a collaboration with Corning to enhance AI data center processing capabilities.
