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Tech stocks surge, best month since April 2020
Tech stocks rally with Nasdaq up 15.29%, marking best month since Covid’s start amid strong earnings from major companies
Tech stocks rally with Nasdaq up 15.29%, marking best month since Covid’s start amid strong earnings from major companies
– 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.
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.