Big Tech stocks are on track to end a big week on Friday, oracle, advanced micro device and microsoft We plan to record historic gains and benchmarks.
Oracle is up 32% week-to-date, marking its best week since October 1999. The company expanded its power contract for artificial intelligence data centers. bloom energy On Monday, it signed a contract for 1.2 gigawatts of capacity from Broome. Oracle was issued a warrant last week to buy $400 million in Bloom stock.
AMD is up 13% this week, hitting a record high on Thursday and is up more than 40% for its 12th straight day of gains, its longest streak in more than 20 years.
Microsoft is up more than 14% this week, its best week since April 2015. Microsoft’s rebound comes after the company ended its worst quarter since 2008 in March, when it lost about a quarter of its value.
tesla The company also had a strong week, rising 14% as CEO Elon Musk said on Wednesday that the company had reached a key milestone with its AI5 chip.
A series of announcements were made from intel This month also pushed up stock prices. The chipmaker rose 55% in April after a historic nine-day rally driven by a partnership with. google And Elon Musk’s company.
broadcom, micron, marvel and ON Semiconductor It has risen about 30% so far in April.
The iShares Expanded Tech Software ETF (IGV) is up about 15% since the start of the week, its best weekly pace since October 2001. If it exceeds 15.5%, it will be the best week on record.
of SPDR Infotech Fund (XLK) It also hit an all-time high this morning for the first time since October 2025. The fund is on pace for a 13th straight day of gains, its best week since April 2025.
The software sector has had a tough year due to concerns about AI disruption. Hopes for a durable peace deal between the US and Iran have fueled the sector’s recent recovery.
So far this year, IGV is down about 20%.
iShares Expanded Tech Software ETF (IGV) since the beginning of the week.
