The index Nasdaq Composite which has a strong presence of technology went up 15.29% in April, resulting in the biggest monthly gain since the start of the coronavirus pandemic. Covid-19 in April 2020.
The financial results of big techs boosted the segment, with Alphabet (owner of Google), Amazon and Microsoft highlighted, because overcame revenue expectations and achieved great results with the cloud.
According to CNBC Alphabet shares rose 10% after the release of the results, reaching a high of 34% only in April. This was the best month of the company since October 2004 when it opened its capital. Meta’s actions fell 9% on Thursday (29), after announcing an increase in its capital expenditure. Even with the fall, Mark Zuckerberg’s company recorded an increase of almost 7% this month.
In turn, Amazon shares rose 27% in April. Broadcom’s grew 35% and, on Thursday, Qualcomm recorded its best day since last year, reaching an increase of almost 40% in the month.
Semiconductor companies also benefited
- Companies whose segment is semiconductors also had a great month, given the high demand for data centers;
- Micron and AMD grew, respectively, 53% and 74% in April;
- Nvidia saw an increase in its shares of around 14%the best month from big tech since June;
- Intel shares doubled in April, representing the best month of the chip giant in its 55 years of life.
Turnaround in the technology sector
The results obtained by the technology sector in April mean a turnbecause there was a difficult beginning of the year. Shares in the segment, especially software, suffered strong pressure due to fears of disruption by artificial intelligence (AI).
In 2026, the Nasdaq Composite rose 7%with a large part of the gains coming this month, since, in Marchthe index had fallen 7% on the last day of last month.
Source: www.bing.com
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