VGT is trading at $110.75, up 1.90%, as technology stocks rebound after last week’s steep AI-related selloff.
- Asian and European chip shares also rose as investors bought beaten-down names.
- The rally comes despite Nvidia weakness: its board opened an investigation involving CEO Jensen Huang, weighing on its shares as other semiconductor names rose.
- Major U.S. indexes were also higher, consistent with broad sector buying rather than an Nvidia-led rally.