Tech stocks surge, best month since April 2020

In Short:
– Nasdaq Composite rose 15.29% in April, its largest monthly gain since the Covid pandemic began.
– Major tech firms exceeded expectations, contributing to a sector recovery after a challenging start to 2026.

The tech-heavy Nasdaq Composite gained 15.29% in April, marking its largest monthly increase since the onset of the Covid pandemic.Earnings from major tech firms have bolstered this upward trend, with [Alphabet](https://www.google.com), [Amazon](https://www.amazon.com), and [Microsoft](https://www.microsoft.com) all exceeding revenue expectations.

Alphabet rose 10% post-earnings, achieving a 34% increase throughout April, its most significant month since October 2004.

Tech growth

Meta experienced a 9% drop on Thursday after announcing higher capital expenditures, but still managed an overall gain of nearly 7% for the month.

Amazon’s shares increased by 27% in April, while [Broadcom](https://www.broadcom.com) surged by 35%.

[Qualcomm](https://www.qualcomm.com) had its most significant single day since last year, ending the month nearly 40% higher.

Chip stocks benefitted from rising demand for data centers, with [Micron](https://www.micron.com) and [Advanced Micro Devices](https://www.amd.com) rising 53% and 74%, respectively.

[Nvidia](https://www.nvidia.com) shares climbed about 14%, marking its best month since June.

Intel’s stock doubled in April, achieving its best month since its inception 55 years ago.

These gains signify a potential turnaround for the tech sector after a challenging start to 2026, with rising concerns over artificial intelligence disruption continuing to exert pressure.

Year-to-date, the Nasdaq Composite has increased 7%, primarily due to April’s performance, recovering from a 7% decline at the end of March.