Vanguard S&P 500 ETF (VOO) Dips Amid Tech Weakness as Investors Eye Nvidia Earnings
The Vanguard S&P 500 ETF (VOO) slid 0.94% on Monday, dragged down by underperformance in major technology stocks. Pre-market trading shows a further 0.50% decline as market participants await Nvidia's (NVDA) Q3 results on Wednesday—a key barometer for AI demand and the broader tech sector.
Tracking the S&P 500 Index (SPX), which fell 0.92%, and the Nasdaq 100 (NDX), down 0.83%, VOO reflects broader market pressures. Despite the dip, the ETF recorded $3 billion in 5-day net inflows, signaling sustained institutional appetite for large-cap U.S. exposure.
TipRanks' ETF AI Analyst assigns VOO a Moderate Buy rating, with a $794.23 average price target implying nearly 30% upside. Top holdings with bullish potential include Loews (L) and Netflix (NFLX), while Albemarle (ALB) and Micron (MU) rank among the most vulnerable.
