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High-tech oriented Nasdaq Composite It rose 15.29% in April, marking the largest monthly increase since the coronavirus pandemic began in April 2020.
Gains from big tech companies boosted the sector this week. alphabet, Amazon and microsoft All exceeded revenue and cloud growth expectations.
Alphabet soared 10% after the results and is up 34% this month. It was the company’s best month since October 2004, when it went public.
meta The stock fell 9% on Thursday after announcing an increase in capital spending, but was still up nearly 7% for the month.
Amazon stock rose 27% in April, but broadcom Increased by 35%. Qualcomm Thursday was its best day since last year, soaring nearly 40% for the month.
Semiconductor stocks had a particularly strong month as data center demand continued to rise.
micron and advanced micro device In April, they rose 53% and 74%, respectively. Nvidia The stock rose about 14%, the chipmaker’s best month since June.
Intel’s Shares doubled in April, making it the best month in the company’s 55-year history.
April’s rally marks a turning point for the technology sector, which has had a rough start to 2026. Tech stocks, especially software, are under pressure as concerns about the disruption of artificial intelligence continue to grow.
Since the beginning of the year, the Nasdaq Composite Index has risen 7%. Most of these gains occurred in April, as the index was down about 7% in the last day of March.
Correction: This article has been updated to correct statistics about Qualcomm’s stock performance.
