<p>自 2023 年初以來，<strong>先鋒信息技術 ETF</strong>（VGT +0.91%）每年都超過了 <strong>標普 500 指數</strong>（^GSPC +0.06%），整體回報超過三倍，而廣泛市場指數大約翻了一番。</p>
<p>在 2026 年，能源是前四個月表現最好的行業，但科技在 5 月 29 日重新奪回領先地位。此時，科技的年初至今總回報為 28.6%，而能源為 26.8%，標普 500 為 11.3%。</p>
<p>以下是推動科技行業回報的因素，以及為什麼先鋒信息技術 ETF 仍然是當前增長投資者購買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>圖片來源：Getty Images。</p>
<h2>半導體成為焦點</h2>
<p>科技行業 曾經由系統軟件、應用軟件和硬件設備公司主導。但人工智能（AI）熱潮引發了領導層的更替。</p>
<p>經過幾年的卓越增長，半導體及半導體材料和設備公司現在佔先鋒科技 ETF 的 43.6%，並大約佔整個標普 500 的 17%。單單半導體行業的價值現在超過了醫療保健和工業的總和。</p>
<p>展開</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="先鋒信息技術 ETF 股票報價" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1ZHVC5wbmcmdz0xMjg"/></p>
<h2>NYSEMKT: VGT</h2>
<p>先鋒信息技術 ETF</p>
<p>今日變動</p>
<p>(0.91%) $1.14</p>
<p>當前價格</p>
<p>$125.33</p>
<h3>關鍵數據點</h3>
<p>日內區間</p>
<p>$124.38 - $125.67</p>
<p>52 周區間</p>
<p>$76.53 - $125.67</p>
<p>成交量</p>
<p>440 萬</p>
<p><strong>英偉達</strong>（NVDA 0.45%）是科技行業表現優異的重要因素，其市值從 2022 年底的幾千億美元增長到今天的超過 5 萬億美元。<strong>博通</strong> 現在穩穩進入 2 萬億美元俱樂部，而 <strong>美光科技</strong> 在 5 月底加入了 1 萬億美元俱樂部，<strong>超威半導體</strong> 和 <strong>英特爾</strong> 也在接近。這五隻 半導體股票 佔先鋒信息技術 ETF 的 30%，它們的總市值現在超過了 <strong>蘋果</strong> 和 <strong>微軟</strong> 的總和。在 2022 年底，這五家芯片巨頭的市值總和還不到 1 萬億美元。</p>
<p></p>
<p>AAPL 市值 數據來源於 YCharts.</p>
<h2>以盈利驅動的增長故事</h2>
<p>半導體股票已經彌補了軟件股票的相對低迷表現。但像 <strong>Snowflake</strong> 這樣的公司最近的財報重新點燃了投資者對軟件即服務（SaaS）股票的樂觀情緒。簡單地購買並持有先鋒信息技術 ETF 將是獲取整個科技行業敞口的簡單而有效的方法，無論是什麼推動其增長。</p>
<p>雖然一些科技股票的估值過高，但整個行業的股價表現得到了令人印象深刻的盈利增長的支持。例如，英偉達繼續以驚人的速度增長其收入和利潤。而其最新的 $800 億股票回購計劃 將通過減少流通股數量來加速其每股收益的增長。博通預計在其 2027 財年將實現 $1000 億的 AI 芯片銷售，這還不包括其蓬勃發展的 AI 網絡業務。同時，微軟的前瞻市盈率為 26.8，對於一傢俱有兩位數盈利增長和高利潤率的領先科技股票來説，這個估值非常合理。而內存芯片巨頭美光的交易價格僅為前瞻性盈利的 16.5 倍。</p>
<h2>一隻可以支撐增長股票投資組合的 ETF</h2>
<p>科技行業仍然是一個完美的長期投資，因為行業內的參與者有很多方式可以釋放增長。僅在過去十年中，消費電子、手機功能的提升、SaaS、雲計算和 AI 等主題一直是推動該行業增長的關鍵因素。</p>
<p>確實，基於傳統估值指標，它看起來被高估了。但這種説法幾乎每年都存在。</p>
<p>在行業盈利增長放緩之前，先鋒科技 ETF 繼續超過標普 500 的理由依然充足。而且考慮到先鋒信息技術 ETF 的費用比率僅為 0.09%，相比之下 <strong>先鋒標普 500 ETF</strong> 的費用比率為 0.03%，投資者每投資 1000 美元每年只需多支付 60 美分的額外費用，這使其成為 風險承受能力較高 的投資者的明智選擇。</p>

博通

標普 500 指數

英特爾

英偉達

美光科技

信息科技 ETF - Vanguard

<p>先鋒信息科技 ETF（VGT）連續四年表現優於標普 500 指數，這得益於其對英偉達和博通等半導體公司的 43.6% 的配置。受益於人工智能的增長和強勁的收益，該行業儘管面臨估值擔憂，仍然是頂級投資選擇。VGT 的費用比率低至 0.09%，為投資者提供了成本效益高的科技長期增長潛力的敞口</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 年初以來，<strong>先鋒信息技術 ETF</strong>（VGT +0.91%）每年都超過了 <strong>標普 500 指數</strong>（^GSPC +0.06%），整體回報超過三倍，而廣泛市場指數大約翻了一番。</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，能源是前四個月表現最好的行業，但科技在 5 月 29 日重新奪回領先地位。此時，科技的年初至今總回報為 28.6%，而能源為 26.8%，標普 500 為 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>以下是推動科技行業回報的因素，以及為什麼先鋒信息技術 ETF 仍然是當前增長投資者購買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>圖片來源：Getty Images。</p>
</div><h2>Semiconductors in the spotlight</h2>
<div class="lb-trans"><h2>半導體成為焦點</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>科技行業 曾經由系統軟件、應用軟件和硬件設備公司主導。但人工智能（AI）熱潮引發了領導層的更替。</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>經過幾年的卓越增長，半導體及半導體材料和設備公司現在佔先鋒科技 ETF 的 43.6%，並大約佔整個標普 500 的 17%。單單半導體行業的價值現在超過了醫療保健和工業的總和。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</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>先鋒信息技術 ETF</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</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>當前價格</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>關鍵數據點</h3>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</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 周區間</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 萬</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>英偉達</strong>（NVDA 0.45%）是科技行業表現優異的重要因素，其市值從 2022 年底的幾千億美元增長到今天的超過 5 萬億美元。<strong>博通</strong> 現在穩穩進入 2 萬億美元俱樂部，而 <strong>美光科技</strong> 在 5 月底加入了 1 萬億美元俱樂部，<strong>超威半導體</strong> 和 <strong>英特爾</strong> 也在接近。這五隻 半導體股票 佔先鋒信息技術 ETF 的 30%，它們的總市值現在超過了 <strong>蘋果</strong> 和 <strong>微軟</strong> 的總和。在 2022 年底，這五家芯片巨頭的市值總和還不到 1 萬億美元。</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 數據來源於 YCharts.</p>
</div><h2>An earnings-driven growth story</h2>
<div class="lb-trans"><h2>以盈利驅動的增長故事</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>半導體股票已經彌補了軟件股票的相對低迷表現。但像 <strong>Snowflake</strong> 這樣的公司最近的財報重新點燃了投資者對軟件即服務（SaaS）股票的樂觀情緒。簡單地購買並持有先鋒信息技術 ETF 將是獲取整個科技行業敞口的簡單而有效的方法，無論是什麼推動其增長。</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>雖然一些科技股票的估值過高，但整個行業的股價表現得到了令人印象深刻的盈利增長的支持。例如，英偉達繼續以驚人的速度增長其收入和利潤。而其最新的 $800 億股票回購計劃 將通過減少流通股數量來加速其每股收益的增長。博通預計在其 2027 財年將實現 $1000 億的 AI 芯片銷售，這還不包括其蓬勃發展的 AI 網絡業務。同時，微軟的前瞻市盈率為 26.8，對於一傢俱有兩位數盈利增長和高利潤率的領先科技股票來説，這個估值非常合理。而內存芯片巨頭美光的交易價格僅為前瞻性盈利的 16.5 倍。</p>
</div><h2>An ETF to anchor a growth stock portfolio</h2>
<div class="lb-trans"><h2>一隻可以支撐增長股票投資組合的 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>科技行業仍然是一個完美的長期投資，因為行業內的參與者有很多方式可以釋放增長。僅在過去十年中，消費電子、手機功能的提升、SaaS、雲計算和 AI 等主題一直是推動該行業增長的關鍵因素。</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>確實，基於傳統估值指標，它看起來被高估了。但這種説法幾乎每年都存在。</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>在行業盈利增長放緩之前，先鋒科技 ETF 繼續超過標普 500 的理由依然充足。而且考慮到先鋒信息技術 ETF 的費用比率僅為 0.09%，相比之下 <strong>先鋒標普 500 ETF</strong> 的費用比率為 0.03%，投資者每投資 1000 美元每年只需多支付 60 美分的額外費用，這使其成為 風險承受能力較高 的投資者的明智選擇。</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 信息技術 ETF 自 2023 年以來漲幅超過 S&P 500。  
- 半導體行業佔其 43.6% 權重，推動回報增長。  
- 該 ETF 費用比 S&P 500 ETF 低，適合高風險投資者。

瞭解這隻低成本的 Vanguard 信息科技 ETF，其中 30% 的資金投資於 NVIDIA、博通、美光科技、AMD 和英特爾，並有望連續第四年超越標普 500 指數