💻 Zoom Faces Downward Pressure Despite Solid Earnings, NVIDIA Announces Strategic Partnership | Tech Sector Insights
(VGT) has declined by 0.9% since Monday, reflecting broader market dynamics as the S&P 500 Index has also dropped. Notable contributors to VGT's performance included NVIDIA, Microsoft, Broadcom, Oracle, and Intel, all of which experienced declines.
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Tuesday, February 25
VGT [-0.9%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has declined by 0.9% since Monday, reflecting broader market dynamics as the S&P 500 Index has also dropped. Recent trade tensions, highlighted by President Trump's announcement of 25% tariffs on imports from Canada and Mexico, have contributed to a risk-off sentiment in equity markets, particularly affecting technology stocks. Notable contributors to VGT's performance included NVIDIA, Microsoft, Broadcom, Oracle, and Intel, all of which experienced declines. NVIDIA announced a collaboration with Cisco aimed at simplifying AI-ready data center networks, while Microsoft sought to reassure investors regarding its AI infrastructure spending amid reports of canceled data center leases. Mixed performance among major tech companies today further underscores the sector-specific challenges facing VGT.