VGT is trading 1.5% down today after Federal Reserve Chair Kevin Warsh’s August 28, 2026, Jackson Hole speech reinforced a hawkish inflation stance, lifting rate uncertainty and pressuring growth-oriented technology shares.

  • Semiconductor weakness added sector-specific pressure.
  • Marvell fell as investors questioned when its Google AI-chip agreement would generate meaningful revenue.
  • Chip stocks broadly retreated from the previous session’s NVIDIA-led rally.