Fidelity's MSCI Information Technology Index ETF (FTEC) closely matches Vanguard's Information Technology ETF (VGT) in US tech sector exposure, focusing heavily on top large-cap stocks like NVIDIA, Apple, and Microsoft. FTEC charges a slightly lower expense ratio (0.084% vs. 0.09%) and has tracked returns nearly identically over various time frames. While FTEC is a better choice for new tax-advantaged accounts due to lower fees, existing VGT holders in taxable accounts should consider potential capital gains taxes before switching, as the tax cost may outweigh fee savings. Both funds carry similar risks from heavy concentration in a few mega-cap tech stocks.
The Invesco QQQ Trust ETF charged a steady 0.20% fee for years due to its unit investment trust structure, even as cheaper rivals emerged. This fee only decreased after shareholders approved a reclassification to an open-end fund structure at the end...
AI is rapidly becoming part of everyday business operations, with nearly half of firms expected to use AI soon, driving a surge in demand for data center power and infrastructure. Companies like NVIDIA, Broadcom, Arista Networks, Vertiv Holdings, and...
IREN's Q4 FY26 report reveals AI cloud contracts now price at $25 million per megawatt of IT load, up from $9.7 million in late 2025. This surge reflects strong demand and scarce compute capacity, with $4 billion in contracted annual recurring revenu...
Nvidia CEO Jensen Huang announced that artificial general intelligence (AGI) has arrived, citing OpenAI's GPT-6 Astra model trained on over 100,000 Nvidia Grace Blackwell GPUs. This milestone highlights Nvidia's critical role in powering advanced AI ...
South Korea has launched a government-backed initiative to provide free, unlimited AI access to over 51 million citizens, supported by hardware from NVIDIA, SK hynix, and TSMC. The program involves 512 NVIDIA B200 GPUs this year and plans subsidies f...
