AI Stocks Have Soared. Is It Too Late to Buy This Vanguard ETF?

The Vanguard Growth ETF (VUG) has nearly doubled over three years by investing in major AI beneficiaries like Nvidia, Microsoft, Amazon, Alphabet, and Meta. While valuations are elevated at 28x forward earnings and concentration risk is high (69% in tech), the fund remains well-positioned for continued growth as these companies invest heavily in AI infrastructure and cloud computing. Long-term investors may still find value despite the recent rally.