Tech Rally on Low Inflation
The performance of highly valued tech stocks is buoyed by the lack of immediate inflationary pressures.
Too little corroboration in the last 3 days to call a trend (5 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Tech stocks held up better than the rest of the market."
"Tech stocks ripped higher on Wednesday despite a sharply hotter-than-expected April Producer Price Index reading... The Nasdaq 100 outperformed with a 0.7% gain to 29,265.56, leaning on a strong semis and clean-energy bid alongside Nvidia’s continued march."
""I'm not saying you need tech to lead, but you sure need tech to stop underperforming like it was obviously most of this year until recently.""
"In contrast, the Nasdaq is dominated by high-growth technology companies like Nvidia and Broadcom, which are benefiting from continued demand in artificial intelligence and semiconductor sectors."
"Analysts said some investors see the technology sector as oversold and are buying during the decline."
"However, strength in the Magnificent Seven technology stocks on Tuesday was positive for the overall market."
"the tech-heavy Nasdaq’s 4.4% gain is outpacing its peers in June as investors pile back into tech-oriented growth stocks on waning worries about runaway inflation."
"the tech-heavy Nasdaq's 4.4% gain is outpacing its peers in June as investors pile back into tech-oriented growth stocks on waning worries about runaway inflation."
""Highly valued stocks such as Microsoft Corp, Apple Inc and Facebook Inc rose between 0.3% and 1%.""