Tech Stocks Rally Led by Microsoft, Alphabet, and Nvidia Amid Strong Earnings
Microsoft and Alphabet's robust first-quarter earnings, driven by AI advancements, propel tech stocks to significant gains, with Nvidia also posting a strong recovery.
- Microsoft and Alphabet exceed Wall Street expectations with first-quarter earnings, pushing their stock prices up and driving a broader tech stock rally.
- Nvidia's shares surged 6.2%, marking its biggest daily gain since March, buoyed by ongoing investments in artificial intelligence.
- Amazon breaks its losing streak with a 3.5% gain as investors anticipate strong upcoming earnings, influenced by AI enhancements.
- Intel faces challenges with soft guidance despite AI advancements, contrasting with the overall positive trend in tech stocks.
- The overall market sentiment is lifted by strong earnings and AI-driven growth prospects, with the Dow and Nasdaq both recording significant gains.
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