Major tech stocks rallied sharply, sending the Nasdaq 100 up more than 2% and hitting a fresh intraday high. After days of volatility, momentum returned strongly, driven by broad gains among leading technology companies.
Big Tech Fuels the Rally
AI-driven growth, cloud computing advances, and strong semiconductor demand powered the surge. Key players reached new highs, lifting overall market sentiment and drawing increased capital into growth equities.
- Chipmakers surged on expanding global AI infrastructure investments
- Cloud and software firms saw upbeat earnings outlooks
- Declining market volatility boosted institutional participation
Analysts note stabilizing Fed expectations and resilient corporate earnings are supporting valuations. With positive momentum, the index may test higher resistance levels in the near term.