VGT is trading at $126.91 (-1.90%) as Middle East escalation lifted oil prices, reviving inflation fears and pressuring equities.
- The 10-year Treasury yield stayed near 5.3%, while Fed hawkishness reinforced rate concerns for growth-sensitive technology stocks.
- Broad market weakness and pressure on chip stocks added to the sector decline. Broadcom’s reported AI financing plans were company-specific, not the primary ETF driver.