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Vanguard Information Technology ETF (VGT) gained 11% over four trading sessions, fueled by its significant holdings in Nvidia, Microsoft, Micron, and Broadcom.
The ETF's performance, which ended on August 4, coincided with the Nasdaq Composite's 8.8% recovery from a correction. An analysis suggests VGT remains a strong buy due to the earnings growth of its key components, despite a 36.2 price-to-earnings ratio as of June 30.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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