VGT is trading 1.5% up today as the technology sector outperforms amid a Nasdaq rally, driven by news of Nvidia CEO Jensen Huang joining President Trump in Beijing for high-level talks with Xi Jinping.
- The meeting has fueled investor optimism regarding a potential easing of U.S. AI chip export policies, providing a significant boost to semiconductor stocks like Nvidia and AMD.
- VGT's 98.6% concentration in the tech sector is amplifying the upward move, allowing the ETF to shrug off headwinds from hot PPI data and rising Middle East oil pressures.