tech
April 30, 2026
Tech stocks close out best month since start of Covid pandemic in 2020
The Nasdaq Composite climbed over 15% in April, as strong earnings reports helped fuel the rally.
TL;DR
- Nasdaq Composite climbed 15.29% in April, its largest monthly gain since April 2020.
- Big tech companies (Alphabet, Amazon, Microsoft) exceeded earnings expectations.
- Alphabet's stock surged 10% after earnings and 34% for the month.
- Meta's stock fell 9% on Thursday but gained nearly 7% for April.
- Amazon shares rose 27% and Broadcom gained 35% in April.
- Chip stocks saw strong performance with Micron and Advanced Micro Devices surging 53% and 74% respectively.
- Intel's stock doubled in April, marking its best month in history.
- April's gains represent a turning point for the tech sector after a difficult start to 2026.
- The Nasdaq Composite is up 7% year-to-date, with most of these gains occurring in April.
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