🟢 VGT is trading 1.5% up today as cooling inflation fuels a rotation back into growth tech

VGT is trading 1.5% up today as investors rotate back into growth-oriented technology after June CPI showed a sharper-than-expected cooling in inflation.

• The cooling inflation data has eased fears of further Fed rate hikes, supporting higher-valuation technology names.
• The move represents a rebound from the prior session’s selloff tied to AI valuation worries and chip-sector profit-taking.
• Broader market sentiment is positive, with the Nasdaq and sector ETF XLK both trading solidly higher.