VGT is trading 1.6% down today as technology shares retreat following a powerful multi-week rally, led by weakness in semiconductor and AI-linked names.
- Investors are taking profits and reassessing stretched AI valuations, particularly regarding capital-intensive infrastructure buildouts.
- Geopolitical tensions involving the U.S. and Iran are dampening risk appetite, pressuring growth sectors like technology more than the broader market and amplifying the pullback in information technology ETFs.