VGT is trading at $121.63, up +1.67%, amid broad market relief after August CPI matched expectations and eased immediate concerns about additional Federal Reserve tightening.
- Technology shares are outperforming: Apple rallied after unveiling its foldable iPhone Duo, while Oracle’s strong cloud-infrastructure growth included 121% IaaS growth, reinforcing AI, cloud-demand and technology-spending optimism.
- NVIDIA’s DOJ investigation into its approximately $20 billion Groq licensing deal is a sector-specific counterweight but has not offset the broader rally.