tech
AMD, Oracle, Microsoft and the IGV lead a monster week for tech stocks
Oracle, AMD and Microsoft are on pace for historic weeks, while Intel, Broadcom, Micron, Marvell and ON Semiconductor are all roaring in April.
TL;DR
- Oracle shares are up 27% this week, its best performance since June 1999, following an expanded AI data center power deal.
- AMD reached an all-time high, climbing over 42% during a 13-day winning streak.
- Microsoft gained 14% this week, its best performance since April 2015, recovering from a poor first quarter.
- Tesla stock is up 15% as CEO Elon Musk announced a key milestone for its AI5 chip.
- Intel has seen a 55% increase in April, driven by partnerships with Google and Elon Musk's companies.
- Broadcom, Micron, ON Semiconductor, and Marvell are also experiencing significant gains in April.
- The iShares Expanded Tech-Software ETF (IGV) and SPDR Info Tech Fund (XLK) hit record highs, indicating a strong sector rebound.