Vanguard Information Technology ETF Sees Inflows Amid Mixed Performance

Vanguard Information Technology ETF ( $VGT ) has fallen by 0.36% in the past week. It has experienced a 5-day net inflow of $125.91 million.
This is due, in part, to market sentiment on some of the ETF’s largest holdings. For example:

• Nvidia Corporation heads into its May 20 fiscal Q1 report with strong momentum, its shares up about 22% this year as Wall Street lifts targets on soaring AI GPU demand. Analysts see EPS jumping 116% and revenue up 79%, and rate the stock a Strong Buy with an average target near $280, implying roughly 24% upside despite rising competition and regulatory scrutiny.

  Nvidia also deepened its AI supply‑chain reach by taking sizable stakes in cloud partner CoreWeave and chip‑materials supplier Coherent, moves aimed at securing long‑term capacity as AI workloads surge. Sentiment was further boosted after U.S. authorities cleared about 10 Chinese firms to buy its H200 chips, a decision that triggered a 4% single‑day rally and reinforced confidence in Nvidia’s dominant position.

• Apple Inc has returned to market leadership, with its stock hitting record highs after a 13% monthly rally driven by strong earnings, a coming CEO handover to hardware chief John Ternus, and rising expectations for new AI features such as a revamped Siri. Evercore ISI lifted its price target to $365 and sketched a bull case up to $500, arguing investors still underestimate Apple’s services, premium hardware mix, and future AI monetization.

  At the same time, Apple cut prices on several iPhone 17 models in China ahead of the 618 shopping festival, leaning on local trade‑in subsidies to keep users in its ecosystem as Huawei and Xiaomi also discount. Across Wall Street, AAPL carries a Moderate Buy rating, with average targets around $319 per share implying mid‑single‑digit upside as the market weighs slower iPhone demand against the longer‑term AI and services story.

• Microsoft drew fresh attention after Bill Ackman’s Pershing Square made the stock a core holding, calling its valuation highly compelling following a double‑digit pullback this year. His bullish thesis centers on the resilience of Microsoft 365 and Azure, which together generate about 70% of revenue, plus the underappreciated value of its roughly 27% stake in OpenAI and a planned $190 billion 2026 capex budget aimed at cementing its AI and cloud lead.

  On the product front, Microsoft is trying to improve user trust with a new Cloud‑Initiated Driver Recovery feature that automatically rolls back bad drivers, a move that helped the shares jump over 4%. The company is also preparing a slimmer Wi‑Fi cloud gaming controller as it pushes deeper into gaming and cloud ecosystems; analysts remain firmly bullish, with a Strong Buy consensus and average price targets near $560, suggesting about 30%–37% upside.