Vanguard Information Technology ETF Gains Amid AI Surge

Vanguard Information Technology ETF ( $VGT ) has risen by 7.14% in the past week. It has experienced a 5-day net inflow of $416.87 million.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation stays at the center of the AI boom, with Goldman Sachs reiterating a Buy rating and a $250 target, arguing the stock trades below past valuations despite dominance in GPUs and growing server CPUs. Analysts expect a beat-and-raise quarter on May 20, with earnings projected to jump 115% and revenue 78%, supported by strong demand for Blackwell hardware and large Agentic AI deployments by cloud giants like Microsoft.
• Apple Inc drew renewed bullishness as Wedbush’s Daniel Ives lifted his price target to $400, calling Apple a “sleeping tech giant” poised for an AI-driven growth phase, including Apple Intelligence and a China-focused partnership with Alibaba. At the same time, reports and then confirmation of a preliminary foundry deal with Intel aim to ease chip shortages that have constrained iPhone and Mac supply, with shares rising and Wall Street keeping a Moderate Buy rating and mid‑$310s average target.
• Microsoft faced mixed sentiment as investors digested news that Windows 11 still leans on core Win32 code from the 1990s and that a major hedge fund, TCI, slashed an $8 billion stake over fears AI could disrupt Office and Azure. Despite hedge funds trimming positions and short‑term share weakness, analysts maintain a Strong Buy rating with an average target near $560, arguing Microsoft’s AI partnerships and cloud growth still make it one of the strongest long‑term AI plays.