VGT is trading 1.9% down today as technology shares reverse early gains, extending a multi-day selloff in the AI and semiconductor sectors.
- Heavyweight semiconductor and megacap tech names are dragging the information technology sector lower despite relative stability in broader indices.
- Investors remain cautious ahead of Micron’s upcoming earnings report, adding pressure to the Nasdaq.
- The decline continues a downward trend for the sector that began on June 22–23.