Tech ETFs Hit New Highs as NVIDIA Powers Market Rally

Core Insights - The technology sector is driving a stock market rally, with the Nasdaq Composite Index reaching an all-time high, largely due to NVIDIA becoming the first publicly traded company valued at $4 trillion [1][3] - Strong U.S. labor data and easing U.S.-China trade tensions are contributing to positive market sentiment ahead of the Q2 earnings season [2] - The AI boom is expected to continue fueling growth in the technology sector, with significant investments in AI applications and infrastructure [5] Technology Sector Performance - The technology sector is projected to achieve 11.8% earnings growth in Q2, supported by a 10.8% increase in revenues, despite potential new tariffs [7] - The global digital shift is accelerating e-commerce and various technological advancements, which are expected to sustain the sector's growth [8] ETFs in Focus - Technology Select Sector SPDR Fund (XLK) has $81 billion in assets under management (AUM) and an average daily volume of 6 million shares, making it a popular choice [9] - Vanguard Information Technology ETF (VGT) manages $95 billion in AUM and tracks 319 technology stocks, with a solid volume of nearly 501,000 shares [10] - VanEck Vectors Semiconductor ETF (SMH) focuses on 26 semiconductor companies, with $26.9 billion in AUM and an average daily volume of 9 million shares [11] - iShares US Technology ETF (IYW) has $21.8 billion in AUM and provides exposure to 141 technology companies, with a daily trading volume of 763,000 shares [12] - ARK Innovation ETF (ARKK) invests in companies benefiting from technological advancements, holding $6.8 billion in AUM and trading an average of 12 million shares daily [13]