A dramatic turnaround in technology stocks has powered a $3.5 trillion increase in the Nasdaq 100's market capitalization in just four days, driven by strong earnings that have emboldened investors about the AI outlook. The tech benchmark has jumped 9.3% over this period, its sharpest rally since April 2025 and a recovery from President Donald Trump's Liberation Day tariff announcements. The bounce has been broad, with rallies in semiconductors, software names, and hyperscalers, as blowout second-quarter results reassured investors that massive AI outlays are paying off. Among standout gainers, Sandisk Corp. surged 41%, Palantir Technologies Inc. jumped 32%, Microsoft Corp. rose 26%, while Alphabet Inc. and Nvidia Corp. both gained 11%. Hedge funds added information technology stocks at the fastest pace since December 2022 last week, according to Goldman Sachs Prime Brokerage data, though overall exposure remains subdued, leaving room for further buying.
Apple Inc.
Alphabet Inc Class C
Microsoft Corporation
NVIDIA Corporation
Societe Generale S.A.
Goldman Sachs Group Inc
Palantir Technologies Inc.
Sandisk Corp