💻 NVIDIA's Supercomputer Partnership Raises Concerns, Microsoft's AI Collaboration in UAE Faces Scrutiny | Tech Sector Insights
Concerns surrounding NVIDIA's partnership for a new supercomputer may have impacted customer assessments. Microsoft faced scrutiny over an AI collaboration in the UAE but without direct stock price repercussions. Broadcom received a raised price target ahead of a stock split.
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Thursday, July 11
VGT [-1.6%]
The Vanguard Information Technology ETF experienced notable movements within its holdings, with key contributors like NVDA, MSFT, AAPL, AVGO, and QCOM showing negative returns. Concerns surrounding NVIDIA's partnership for a new supercomputer may have impacted customer assessments. Microsoft faced scrutiny over an AI collaboration in the UAE but without direct stock price repercussions. Broadcom received a raised price target ahead of a stock split due to optimism about future performance driven by AI networking trends compared to competitors.