VGT is trading 1.8% higher in pre-market action, bolstered by strong technology earnings and a broader sector rebound following a powerful Nasdaq-led recovery.
- The advance is reinforced by positive earnings results, notably from Palantir, and continued gains across semiconductor names which are lifting the broader information technology complex.
- Market sentiment remains positive following a sharp rebound on August 3, driven by easing Middle East tensions, lower oil prices, and renewed investor appetite for growth and AI-related stocks.