💻 VGT Rises, Boosted by Apple's iPhone 16 Sales Surge and NVIDIA's Upgraded Buy Rating | Tech Sector Insights
(VGT) has seen a modest pre-market price increase of 0.5% since Thursday. Key contributors to this performance include Apple (AAPL), which rose significantly following a 20% sales increase for the iPhone 16 in China, resulting in a premarket surge of 1.8%.
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Friday, October 18
VGT [+0.5%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has seen a modest pre-market price increase of 0.5% since Thursday. Key contributors to this performance include Apple (AAPL), which rose significantly following a 20% sales increase for the iPhone 16 in China, resulting in a premarket surge of 1.8%. NVIDIA (NVDA) also contributed positively, benefiting from a reiterated Buy rating by B of A Securities and a raised price target, indicating strong confidence in its growth potential. Other contributors included Broadcom (AVGO), which saw its Chief Legal and Corporate Affairs Officer sell 18,900 shares at $181.45 per share, and Qualcomm (QCOM) and AMD, both of which experienced minor gains.