Meet the Low-Cost Vanguard ETF That Just Gained 11% Over 4 Days, Thanks to a Combined 33% Weighting in Nvidia, Microsoft, Micron, and Broadcom.
Here’s Why It’s Still a Top Buy Now
Investors just experienced one of the most volatile weeks in the stock market this year. On July 29, the Nasdaq Composite closed in a correction — down 10.1% from its all-time high as investors digested Alphabet’s increased capital expenditure (capex) spending on artificial intelligence (AI) and braced for upcoming earnings reports from Microsoft, Meta Platforms, Amazon, and Apple. Just four trading sessions later, as of the market close on Aug. 4, the Nasdaq Composite recovered a staggering 8.8%, and the S&P 500 closed at an all-time high — fueled by encouraging earnings reports from Amazon and Microsoft.
Over that period, the Vanguard Information Technology ETF (NYSEMKT: VGT), which mirrors the tech sector, gained 11%. Here’s why tech stocks are surging, and why the Vanguard Tech ETF remains an excellent buy for growth investors. Dynamic dominance If you had invested in the technology sector 10 years ago, you would have quintupled your money.