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VGT hits $113 as artificial intelligence investment drives the largest earnings boost for technology stocks in years. The Vanguard Information Technology ETF now trades near its 52-week high as forecasts project 40% earnings growth from AI spending through 2026. What’s pushing tech valuations higher today.
🔥 Quick Facts
- VGT Current Price: Trading at $113.31 as of May 15, 2026
- Earnings Growth Forecast: AI investment expected to drive roughly 40% of S&P 500 earnings growth in 2026
- Q1 2026 Performance: Technology sector earnings grew approximately 41% in the first quarter
- Recent Milestone: VGT completed an 8:1 stock split effective April 21, 2026
AI Investment Fueling Historic Tech Earnings Surge
Goldman Sachs research reveals that artificial intelligence spending is driving nearly 40% of all S&P 500 earnings growth throughout 2026. This represents an extraordinary concentration of value creation in technology infrastructure. The largest cloud computing companies are planning massive capital expenditures to build AI capabilities.
VGT investors benefit directly from this trend since the Vanguard Information Technology ETF holds exposure to semiconductor leaders, cloud infrastructure providers, and enterprise software companies at the center of the AI boom. Tech companies revised earnings upward more than any other sector in early 2026.
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First Quarter Results Exceed Expectations
The technology sector delivered extraordinary first quarter earnings, with some analysts reporting growth rates exceeding 50% before final results were finalized. Bloomberg research documented 41% earnings growth for the technology sector in Q1 2026, underscoring the strength of the AI-driven investment cycle.
This earnings strength stands in sharp contrast to other sectors that posted single-digit growth rates. Equipment manufacturers, software vendors, and semiconductor specialists all benefited from elevated capital spending forecasts. The momentum suggests sustained momentum through the remainder of 2026.
VGT Performance Snapshot and Valuation Metrics
| Metric | Value |
| Current Price | $113.31 |
| 52-Week High | $115.62 |
| 52-Week Low | $73.51 |
| YTD Return | 20.38% |
| Total Net Assets | $124.875 billion |
“Crucially, tech sector earnings have stayed strong. Despite concerns about rising capex and lower potential returns, the sector’s return on equity is still high. In fact, so far in 2026, tech companies have revised their earnings upwards by more than any other sector globally.”
— Goldman Sachs Research, Chief US Equity Strategist
What Analysts Say About Technology Earnings Trajectory
Market consensus projects 12% earnings-per-share growth for the S&P 500 in full year 2026, with technology dramatically outperforming this average. Morningstar analysts emphasized that tech stocks now offer attractive valuations relative to their earnings growth potential. Investment advisors point to the structural tailwinds from AI adoption across enterprise software and data center operators.
The information technology sector information technology has benefited from corporate clients accelerating digital transformation projects. Research institutions document that companies shifted budget priorities toward artificial intelligence infrastructure and cloud computing expansion. These trends suggest earnings could maintain elevated growth rates through late 2026.
Why Investors Are Watching VGT at $113 Right Now
VGT’s momentum reflects broader confidence in the technology sector’s ability to justify premium valuations through earnings delivery. The $113.31 price point sits near the 52-week peak, suggesting investors continue deploying capital into the sector. However, some analysts caution that capital expenditure expectations need to translate into sustained profit growth.
The Vanguard Information Technology ETF remains a barometer for institutional and retail investor sentiment toward the tech sector. Why are earnings forecasts continuing to rise despite macroeconomic uncertainties?
Sources
- Goldman Sachs Research – US stocks forecast to rise 6% in 2026 with AI investment driving 40% of earnings growth
- Yahoo Finance and Vanguard Investor – VGT current price and performance metrics as of May 15, 2026
- Bloomberg – Technology sector earnings grew 41% in Q1 2026
