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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.

Thursday, July 18

VGT [-0.4%]
VGT increased by +1.1% due to notable performances from NVDA, AVGO, ACN, INTC, and APH in the ETF's holdings. NVIDIA Corp's CEO sold 240K shares while collaborating with Ansys and Supermicro for faster simulations; Intel Corp experienced positive market sentiment resulting in a stock price increase of around +3.45%; Amphenol Corp signed a $2.1B acquisition deal aiming to boost its wireless network portfolio post-acquisition with CommScope's mobile networks businesses integration ahead.

TSM | $176.75 | +3.2% | +145.8B

NVDA | $121.78 | +3.4% | +100.4B

AAPL | $230.84 | -1.1% | -37.3B

TSM | +3.2% | +145.8B
Taiwan Semiconductor Manufacturing Co Ltd (TSM) reported Q2 EPS of $1.48, exceeding the consensus estimate and revenue at $20.82B also surpassed expectations due to strong demand for their 3nm and 5nm technologies offsetting smartphone seasonality challenges according to Senior VP Wendell Huang's post-earnings call statement. The company raised its FY guidance above mid-20% in USD terms for revenue growth driven by advanced chips used in AI applications, projecting a year of robust growth in 2024 with plans to address high chip demand through production expansions focusing on technologies like 3 nanometer chips while anticipating third-quarter revenues between $22.4 billion and $23.2 billion amidst tight supply conditions extending into 2025 but potentially easing by increased capacity efforts aiming towards 2026.

INFY | +8.1% | +7.5B
Infosys Ltd's stock price surged 8.1% following the release of Q1 2025 financial results, with revenue surpassing estimates at $4.71B and an EPS meeting expectations at $0.18 as CEO Salil Parekh highlighted robust large deals and generative AI services driving success; additionally, FY25 revenue guidance was raised to a growth range in constant currency while maintaining operating margin outlook between 20%-22%. Social media buzz reported a quarterly revenue increase exceeding analyst predictions driven by demand recovery in key sectors, along with ADR revenues slightly above expectations alongside Infosys outperforming its sector peers amidst high market volume trading today.

NVDA | +3.4% | +100.4B
NVIDIA Corp stock saw a notable increase of 3.1% in the pre-market session, coinciding with news that Nvidia's CEO sold $30.6M in common stock and Mirae initiated coverage on NVDA with a Buy rating and price target of $180 per share. Furthermore, Microsoft announced an expanded partnership between Xbox and NVIDIA GeForce NOW for cloud gaming options, potentially influencing the positive movement alongside other tech stocks like Micron and Broadcom as observed through social media buzz mentioning increased activity around these companies recently.

NOK | -5.6% | -846.8M
Nokia Oyj's stock price dropped by 4.1% in the pre-market session following a reported decline in net sales for Q2 2024, missing analyst estimates due to weak investment in mobile network upgrades impacting revenue negatively. Despite this challenge, Nokia plans to restructure its network infrastructure division and invest in AI-driven data center services through acquisitions like Infinera while maintaining unchanged expectations for full-year comparable operating profit and free cash flow conversion percentages from FY24 onwards. The company also faced lower than expected earnings per share at $0.065 compared to an estimate of $0.05 with revenues coming below projected figures as well during Q2 earnings reporting.

MSFT | -1.2% | -38.5B
Microsoft Corp's stock price has increased by +0.2% in the pre-market session following TD Cowen raising its price target to $495, and BofA Securities further increasing it to $510. The company launched "Microsoft Designer," an AI image generation tool for iOS users ahead of Apple's anticipated similar product release, while Hasbro appointed John Hight from Blizzard Entertainment as President of Wizards focusing on digital experiences and video games within its Executive Leadership Team. Microsoft also introduced the app for Android users with design customization options integrating with Word and PowerPoint through Copilot software amidst significant anticipation surrounding Big Tech earnings season driven by rising demand for artificial intelligence (AI).

AAPL | -1.1% | -37.3B
Apple Inc's stock moved slightly today as the company is discussing expanding its Hollywood film licensing agreements and clarified not using YouTube videos for AI training, coinciding with market trends affecting tech giants like Microsoft and Google. Goldman Sachs raised AAPL's price target to $265 while CFRA increased theirs to $260, both maintaining Buy ratings. Additionally, Apple veteran Chris Espinosa made significant contributions since 1976 within the company.

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