🟢 VGT is trading 1.7% up today on surging AI chip demand and semiconductor strength

VGT is trading 1.7% up today as the technology sector rallies on the back of historic semiconductor valuations and strong earnings results.

• AMD surged 16.5% after-hours following robust Q1 results and a 57% jump in data center revenue, while Samsung Electronics reached a historic $1 trillion valuation on AI chip demand.
• Intel climbed 12.9% on reports of a potential manufacturing partnership with Apple, further boosting sentiment as NASDAQ-100 futures rose 0.90% overnight.
• The momentum extends gains from May 5's strong close of 1.77%, driven by broad-based strength across the AI and semiconductor landscapes.