VGT Slides 2% to $110.79 as Nvidia CEO Jensen Huang Resigns

Nvidia leadership transition triggers market concern

Nvidia shares fell 4.3% on Thursday, November 12, 2026, following the resignation of founder and CEO Jensen Huang.

Technology stocks faced downward pressure on Friday amid concerns regarding the leadership transition. Nvidia CFO Colette Kress has been named interim CEO while the board searches for a permanent replacement from internal and external candidates.

Reports indicate that Arm Holdings CEO Rene Haas has been approached by the Nvidia board to replace Huang. Analysts have warned that uncertainty surrounding this transition could result in a stock correction of up to 20%. The company is scheduled to report earnings on November 17, 2026, with analysts focusing on whether the order book has changed.

Major indices show mixed results on November 13

Major indices showed mixed results on Friday, November 13, 2026, as the S&P 500 declined by 0.4% and the Nasdaq 100 fell by 1.2%. In contrast, the Dow Jones Industrial Average increased by 0.1%.

U.S. stock futures rose on Friday as the market headed toward its strongest weekly gains since early August.

As of the end of the week, the Nasdaq was on track for a 3.2% gain, the S&P 500 for a 2.9% gain, and the Dow Jones for an increase of nearly 2%.

VGT maintains 19.63% average annual return over 15 years

VGT has delivered an average annual return of 19.63% over the last 15 years. This performance is 6.58% higher than the market on an annualized basis.

As of 13 November 2026, the Vanguard Information Tech ETF had a market capitalization of $140.33 billion. A $1,000 investment in the fund made 15 years ago would be worth $14,433.74 today.

At the time of writing on 13 November 2026, the price of VGT stock was $111.22.

VGT structure creates concentrated sector exposure

Lakefront Live characterizes VGT as a concentrated technology fund rather than a broad growth fund. The fund selects companies based on their classification in the information technology sector and weights them by market value, allowing the largest firms to dominate. Its performance is tied to the sector's valuation resets, rate sensitivity, and earnings cycles.

While the fund may use a 25/50 rule to limit the weight of the top five holdings or individual issuers, this does not diversify exposure across unrelated industries. IT services, semiconductors, hardware, and software all share demand drivers like device replacement cycles, cloud migration, and capital spending. Because many companies within the index share these risk factors, diversification across numerous stocks provides less protection than the total number of holdings suggests.

VGT is intended to serve as a sector-specific sleeve within a portfolio rather than a stand-alone core holding. Combining VGT with a total-market fund or other sectors can potentially achieve broader capital appreciation and lower single-industry risk.

Portfolio diversification differences across index trackers

Vanguard offers various index trackers beyond the technology-focused VGT.

In such trackers, market-cap weighting gives the largest public companies the most influence, while smaller firms contribute diversification but carry higher liquidity risk, wider spreads, and increased volatility.

The fund uses market-value weighting and excludes U.S. issuers entirely, even if those companies generate most of their revenue abroad. The sector mix of VXUS differs from U.S.-centric benchmarks, featuring a higher concentration of financials, industrials, and consumer staples, and a smaller technology component.

Because VXUS is not currency-hedged, dollar-based investors receive returns that combine local share price performance with exchange-rate movements. The fund carries structural risks, including liquidity, governance, and capital-control issues in emerging markets, as well as the potential for currency swings to negate local gains. Authorized participants manage share creations and redemptions to keep market prices close to the value of underlying holdings, though trading spreads can widen when foreign markets are closed.

U.S. holders of VXUS may face foreign dividend withholding taxes, which might be partially recoverable through a foreign tax credit in taxable accounts but not in tax-advantaged accounts. Fund performance for VGT and VXUS is reduced by internal operating costs, trading spreads, and tracking differences relative to their respective indices.

Economic data and corporate news impact market sentiment

U.S. producer prices rose 0.3% in October 2026, with an annualized expansion of 6.5%, the sharpest twelve-month increase since November 2022. Economists surveyed by Dow Jones expected the producer price index to show a 0.4% increase from September and a 6.6% increase from a year earlier.

Fermi Inc. shares reached a record high on Friday, November 13, 2026, after securing commitments for 600 megawatts of power capacity for its Project Matador campus near Amarillo, Texas. Cisco Systems CEO Chuck Robbins stated on November 13, 2026, that the company's second-quarter revenue guidance dip is routine.

Anthropic IPO scheduled for November 19

Anthropic PBC is expected to list its IPO on November 19, 2026.