VUG is trading 1.6% up today as a massive rally in semiconductor stocks and strength in the technology sector drive growth-heavy indices higher.
- Intel surged 25-28% after a Q1 earnings beat and a major Tesla AI chip deal, lifting the Philadelphia Semiconductor Index to a record and boosting AMD by 14%.
- The momentum aligns with a 1.54% gain in the Nasdaq Composite, supported by Fed transition hopes and stabilizing geopolitics which outweighed oil volatility.
- Technology remains the primary driver for the ETF, representing a 52.2% portfolio weight.