24/7 Wall Street
29 May 2026, 13:40 UTC · 5h ago
Source · https://247wallst.com/investing/2026/05/29/vgt-has-doubled-vug-and-mgk-since-aprils-split-and-heres-why/
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Nvidia reported Q1 FY27 revenue of $81.615 billion, representing an 85.23% year-over-year increase. — Massive revenue growth in the lead AI chipmaker serves as a primary catalyst for the broader tech sector and risk appetite.
+0.90Broadcom reported Q1 AI revenue of $8.40 billion, up 106% year-over-year, and is guiding Q2 AI semiconductor revenue to $10.70 billion. — Strong growth and positive guidance from a secondary major AI chip player validate the sustainability of the AI infrastructure boom.
+0.70Meta's capex guidance has increased to between $125 billion and $145 billion. — Higher capital expenditure signals continued investment in AI infrastructure, though it can create short-term pressure on margins.
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Apple reported a quarterly revenue of $111.18 billion and has seen a 17.52% price increase since April 21. — Strong performance from the largest weight in the IT sector supports overall index stability and momentum.
+0.30Ticker attribution
Model heads
Reported strong AI revenue growth of 106% and provided positive future guidance.
Reported massive revenue growth of 85.23% and is cited as a primary driver of the AI rally.
Surged 33% due to the AI server boom.
Added 16% as hyperscaler spend accelerates.
Stock rose 17.52% since the split on a strong $111.18 billion quarter.
Stock fell over 5% as capital expenditure guidance increased significantly.
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