VGT is trading 1.6% down today as higher Treasury yields and elevated oil prices weigh on growth and technology stocks, dragging the broader Nasdaq lower.
- Rising rate expectations are compressing valuations for long-duration tech assets, leading to a broader sector sell-off.
- Semiconductor headlines, including TSMC’s reduced guidance and strike risks at Samsung, are amplifying concerns about chip supply, margins, and global demand.
- The combination of macroeconomic pressure and industry-specific headwinds is weighing heavily on hardware and semiconductor-heavy ETFs.