<p>自 2023 年初以来，<strong>先锋信息技术 ETF</strong>（VGT +0.91%）每年都超过了 <strong>标普 500 指数</strong>（^GSPC +0.06%），整体回报超过三倍，而广泛市场指数大约翻了一番。</p>
<p>在 2026 年，能源是前四个月表现最好的行业，但科技在 5 月 29 日重新夺回领先地位。此时，科技的年初至今总回报为 28.6%，而能源为 26.8%，标普 500 为 11.3%。</p>
<p>以下是推动科技行业回报的因素，以及为什么先锋信息技术 ETF 仍然是当前增长投资者购买的最佳低成本基金之一。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzI1MDMvYWJzdHJhY3QtaW1hZ2UtZmVhdHVyaW5nLWludGVyY29ubmVjdGVkLWdlb21ldHJpYy1zaGFwZXMtaGlnaGxpZ2h0aW5nLXRoZS1ncm93aW5nLWltcG9ydGFuY2Utb2YtYmlnLWRhdGEtaW4tYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2UtYWkuanBnJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="600" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzI1MDMvYWJzdHJhY3QtaW1hZ2UtZmVhdHVyaW5nLWludGVyY29ubmVjdGVkLWdlb21ldHJpYy1zaGFwZXMtaGlnaGxpZ2h0aW5nLXRoZS1ncm93aW5nLWltcG9ydGFuY2Utb2YtYmlnLWRhdGEtaW4tYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2UtYWkuanBnJnc9Mzg0MA"/></p>
<p>图片来源：Getty Images。</p>
<h2>半导体成为焦点</h2>
<p>科技行业 曾经由系统软件、应用软件和硬件设备公司主导。但人工智能（AI）热潮引发了领导层的更替。</p>
<p>经过几年的卓越增长，半导体及半导体材料和设备公司现在占先锋科技 ETF 的 43.6%，并大约占整个标普 500 的 17%。单单半导体行业的价值现在超过了医疗保健和工业的总和。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1ZHVC5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="先锋信息技术 ETF 股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1ZHVC5wbmcmdz0xMjg"/></p>
<h2>NYSEMKT: VGT</h2>
<p>先锋信息技术 ETF</p>
<p>今日变动</p>
<p>(0.91%) $1.14</p>
<p>当前价格</p>
<p>$125.33</p>
<h3>关键数据点</h3>
<p>日内区间</p>
<p>$124.38 - $125.67</p>
<p>52 周区间</p>
<p>$76.53 - $125.67</p>
<p>成交量</p>
<p>440 万</p>
<p><strong>英伟达</strong>（NVDA 0.45%）是科技行业表现优异的重要因素，其市值从 2022 年底的几千亿美元增长到今天的超过 5 万亿美元。<strong>博通</strong> 现在稳稳进入 2 万亿美元俱乐部，而 <strong>美光科技</strong> 在 5 月底加入了 1 万亿美元俱乐部，<strong>超威半导体</strong> 和 <strong>英特尔</strong> 也在接近。这五只 半导体股票 占先锋信息技术 ETF 的 30%，它们的总市值现在超过了 <strong>苹果</strong> 和 <strong>微软</strong> 的总和。在 2022 年底，这五家芯片巨头的市值总和还不到 1 万亿美元。</p>
<p></p>
<p>AAPL 市值 数据来源于 YCharts.</p>
<h2>以盈利驱动的增长故事</h2>
<p>半导体股票已经弥补了软件股票的相对低迷表现。但像 <strong>Snowflake</strong> 这样的公司最近的财报重新点燃了投资者对软件即服务（SaaS）股票的乐观情绪。简单地购买并持有先锋信息技术 ETF 将是获取整个科技行业敞口的简单而有效的方法，无论是什么推动其增长。</p>
<p>虽然一些科技股票的估值过高，但整个行业的股价表现得到了令人印象深刻的盈利增长的支持。例如，英伟达继续以惊人的速度增长其收入和利润。而其最新的 $800 亿股票回购计划 将通过减少流通股数量来加速其每股收益的增长。博通预计在其 2027 财年将实现 $1000 亿的 AI 芯片销售，这还不包括其蓬勃发展的 AI 网络业务。同时，微软的前瞻市盈率为 26.8，对于一家具有两位数盈利增长和高利润率的领先科技股票来说，这个估值非常合理。而内存芯片巨头美光的交易价格仅为前瞻性盈利的 16.5 倍。</p>
<h2>一只可以支撑增长股票投资组合的 ETF</h2>
<p>科技行业仍然是一个完美的长期投资，因为行业内的参与者有很多方式可以释放增长。仅在过去十年中，消费电子、手机功能的提升、SaaS、云计算和 AI 等主题一直是推动该行业增长的关键因素。</p>
<p>确实，基于传统估值指标，它看起来被高估了。但这种说法几乎每年都存在。</p>
<p>在行业盈利增长放缓之前，先锋科技 ETF 继续超过标普 500 的理由依然充足。而且考虑到先锋信息技术 ETF 的费用比率仅为 0.09%，相比之下 <strong>先锋标普 500 ETF</strong> 的费用比率为 0.03%，投资者每投资 1000 美元每年只需多支付 60 美分的额外费用，这使其成为 风险承受能力较高 的投资者的明智选择。</p>

博通

标普 500 指数

英特尔

英伟达

美光科技

信息科技 ETF - Vanguard

<p>先锋信息科技 ETF（VGT）连续四年表现优于标普 500 指数，这得益于其对英伟达和博通等半导体公司的 43.6% 的配置。受益于人工智能的增长和强劲的收益，该行业尽管面临估值担忧，仍然是顶级投资选择。VGT 的费用比率低至 0.09%，为投资者提供了成本效益高的科技长期增长潜力的敞口</p>

<p>Since the start of 2023, the <strong>Vanguard Information Technology ETF</strong>( VGT +0.91%) has outperformed the <strong>S&amp;P 500</strong>( ^GSPC +0.06%) every year and has more than tripled overall, while the broad-market index has roughly doubled.</p>
<div class="lb-trans"><p>自 2023 年初以来，<strong>先锋信息技术 ETF</strong>（VGT +0.91%）每年都超过了 <strong>标普 500 指数</strong>（^GSPC +0.06%），整体回报超过三倍，而广泛市场指数大约翻了一番。</p>
</div><p>In 2026, energy was the best-performing sector for the first four months of the year, but tech moved back into the lead on May 29. At that point, tech had a 28.6% total return year to date, compared to 26.8% for energy and 11.3% for the S&amp;P 500.</p>
<div class="lb-trans"><p>在 2026 年，能源是前四个月表现最好的行业，但科技在 5 月 29 日重新夺回领先地位。此时，科技的年初至今总回报为 28.6%，而能源为 26.8%，标普 500 为 11.3%。</p>
</div><p>Here's what's driving the tech sector's returns, and why the Vanguard Information Technology ETF remains one of the best low-cost funds for growth investors to buy now.</p>
<div class="lb-trans"><p>以下是推动科技行业回报的因素，以及为什么先锋信息技术 ETF 仍然是当前增长投资者购买的最佳低成本基金之一。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzI1MDMvYWJzdHJhY3QtaW1hZ2UtZmVhdHVyaW5nLWludGVyY29ubmVjdGVkLWdlb21ldHJpYy1zaGFwZXMtaGlnaGxpZ2h0aW5nLXRoZS1ncm93aW5nLWltcG9ydGFuY2Utb2YtYmlnLWRhdGEtaW4tYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2UtYWkuanBnJnc9Mzg0MA" alt="Abstract image featuring interconnected geometric shapes, highlighting the growing importance of big data in artificial intelligence (AI). " original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F872503%2Fabstract-image-featuring-interconnected-geometric-shapes-highlighting-the-growing-importance-of-big-data-in-artificial-intelligence-ai.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Semiconductors in the spotlight</h2>
<div class="lb-trans"><h2>半导体成为焦点</h2>
</div><p>The tech sector used to be dominated by systems software, applications software, and hardware and equipment companies. But the artificial intelligence (AI) boom triggered changing of the guard.</p>
<div class="lb-trans"><p>科技行业 曾经由系统软件、应用软件和硬件设备公司主导。但人工智能（AI）热潮引发了领导层的更替。</p>
</div><p>After several years of stellar gains, semiconductor and semiconductor materials and equipment companies now make up a remarkable 43.6% of the Vanguard Tech ETF -- and roughly 17% of the value of the entire S&amp;P 500. The semiconductor industry alone is now more valuable than healthcare and industrials combined.</p>
<div class="lb-trans"><p>经过几年的卓越增长，半导体及半导体材料和设备公司现在占先锋科技 ETF 的 43.6%，并大约占整个标普 500 的 17%。单单半导体行业的价值现在超过了医疗保健和工业的总和。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1ZHVC5wbmcmdz0xMjg" alt="Vanguard Information Technology ETF Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FVGT.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSEMKT: VGT</h2>
<div class="lb-trans"><h2>NYSEMKT: VGT</h2>
</div><p>Vanguard Information Technology ETF</p>
<div class="lb-trans"><p>先锋信息技术 ETF</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(0.91%) $1.14</p>
<div class="lb-trans"><p>(0.91%) $1.14</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$125.33</p>
<div class="lb-trans"><p>$125.33</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$124.38 - $125.67</p>
<div class="lb-trans"><p>$124.38 - $125.67</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$76.53 - $125.67</p>
<div class="lb-trans"><p>$76.53 - $125.67</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>4.4M</p>
<div class="lb-trans"><p>440 万</p>
</div><p><strong>Nvidia</strong>( NVDA 0.45%) has been a big factor in the tech sector's outperformance, going from a market cap of a few hundred billion dollars at the end of 2022 to over $5 trillion today. <strong>Broadcom</strong> is now firmly in the $2 trillion club, while <strong>Micron Technology</strong> joined the $1 trillion club in late May, and <strong>Advanced Micro Devices</strong> and <strong>Intel</strong> are within striking distance. Those five semiconductor stocks account for 30% of the Vanguard Information Technology ETF, and they're now worth more combined than the combined values of <strong>Apple</strong> and <strong>Microsoft</strong>. At the end of 2022, the sum of those five chip giants' market caps was less than $1 trillion.</p>
<div class="lb-trans"><p><strong>英伟达</strong>（NVDA 0.45%）是科技行业表现优异的重要因素，其市值从 2022 年底的几千亿美元增长到今天的超过 5 万亿美元。<strong>博通</strong> 现在稳稳进入 2 万亿美元俱乐部，而 <strong>美光科技</strong> 在 5 月底加入了 1 万亿美元俱乐部，<strong>超威半导体</strong> 和 <strong>英特尔</strong> 也在接近。这五只 半导体股票 占先锋信息技术 ETF 的 30%，它们的总市值现在超过了 <strong>苹果</strong> 和 <strong>微软</strong> 的总和。在 2022 年底，这五家芯片巨头的市值总和还不到 1 万亿美元。</p>
</div><p></p>
<div class="lb-trans"><p></p>
</div><p>AAPL Market Cap data by YCharts.</p>
<div class="lb-trans"><p>AAPL 市值 数据来源于 YCharts.</p>
</div><h2>An earnings-driven growth story</h2>
<div class="lb-trans"><h2>以盈利驱动的增长故事</h2>
</div><p>Semiconductor stocks have more than made up for the relative underperformance of software stocks. But recent earnings reports from companies like <strong>Snowflake</strong> have rekindled investor optimism about software-as-a-service (SaaS) stocks. Simply buying and holding the Vanguard Information Technology ETF would be a simple yet highly effective way to get exposure to the entire tech sector, regardless of what's driving its growth.</p>
<div class="lb-trans"><p>半导体股票已经弥补了软件股票的相对低迷表现。但像 <strong>Snowflake</strong> 这样的公司最近的财报重新点燃了投资者对软件即服务（SaaS）股票的乐观情绪。简单地购买并持有先锋信息技术 ETF 将是获取整个科技行业敞口的简单而有效的方法，无论是什么推动其增长。</p>
</div><p>While some tech stock valuations are overextended, the sector as a whole has been backing up its share price outperformance with impressive earnings growth. Nvidia, for example, continues to grow its top and bottom lines at a breakneck pace. And its latest $80 billion stock repurchase program will accelerate its earnings-per-share growth by reducing its outstanding share count. Broadcom is guiding for $100 billion in AI chip sales in its fiscal 2027, and that doesn't even account for its booming AI networking business. Meanwhile, Microsoft sports a forward price-earnings ratio of 26.8, which is incredibly reasonable for a leading tech stock with double-digit earnings growth and high margins. And memory chip powerhouse Micron is trading at just 16.5 times forward earnings.</p>
<div class="lb-trans"><p>虽然一些科技股票的估值过高，但整个行业的股价表现得到了令人印象深刻的盈利增长的支持。例如，英伟达继续以惊人的速度增长其收入和利润。而其最新的 $800 亿股票回购计划 将通过减少流通股数量来加速其每股收益的增长。博通预计在其 2027 财年将实现 $1000 亿的 AI 芯片销售，这还不包括其蓬勃发展的 AI 网络业务。同时，微软的前瞻市盈率为 26.8，对于一家具有两位数盈利增长和高利润率的领先科技股票来说，这个估值非常合理。而内存芯片巨头美光的交易价格仅为前瞻性盈利的 16.5 倍。</p>
</div><h2>An ETF to anchor a growth stock portfolio</h2>
<div class="lb-trans"><h2>一只可以支撑增长股票投资组合的 ETF</h2>
</div><p>The tech sector remains an impeccable long-term investment because there are so many ways for the players in it to unlock growth. Just in the last decade, themes like consumer electronics, the rise in mobile phone capabilities, SaaS, cloud computing, and AI have been key drivers of the sector's growth.</p>
<div class="lb-trans"><p>科技行业仍然是一个完美的长期投资，因为行业内的参与者有很多方式可以释放增长。仅在过去十年中，消费电子、手机功能的提升、SaaS、云计算和 AI 等主题一直是推动该行业增长的关键因素。</p>
</div><p>True, it looks overvalued based on traditional valuation metrics. But that narrative has existed pretty much every year.</p>
<div class="lb-trans"><p>确实，基于传统估值指标，它看起来被高估了。但这种说法几乎每年都存在。</p>
</div><p>Until the sector's earnings growth slows, there's every reason to believe the Vanguard Tech ETF can continue outperforming the S&amp;P 500. And given that the Vanguard Information Technology ETF has an expense ratio of just 0.09% compared to 0.03% for the <strong>Vanguard S&amp;P 500 ETF</strong>, investors incur only 60 cents in extra fees annually for every $1,000 invested, making it a no-brainer buy for risk-tolerant investors.</p>
<div class="lb-trans"><p>在行业盈利增长放缓之前，先锋科技 ETF 继续超过标普 500 的理由依然充足。而且考虑到先锋信息技术 ETF 的费用比率仅为 0.09%，相比之下 <strong>先锋标普 500 ETF</strong> 的费用比率为 0.03%，投资者每投资 1000 美元每年只需多支付 60 美分的额外费用，这使其成为 风险承受能力较高 的投资者的明智选择。</p>
</div>

Meet the Low-Cost Vanguard ETF With 30% Invested in Nvidia, Broadcom, Micron, AMD, and Intel That's on Track to Beat the S&P 500 for the Fourth Consecutive Year

- Vanguard 信息技术 ETF 自 2023 年以来涨幅超过 S&P 500。  
- 半导体行业占其 43.6% 权重，推动回报增长。  
- 该 ETF 费用比 S&P 500 ETF 低，适合高风险投资者。

了解这只低成本的 Vanguard 信息科技 ETF，其中 30% 的资金投资于 NVIDIA、博通、美光科技、AMD 和英特尔，并有望连续第四年超越标普 500 指数