Reported about 2 months ago
Tech stocks have surged as recent economic data alleviates recession fears, with the S&P 500 and Nasdaq both showing substantial gains. Leading this rebound, the Information Technology sector rose nearly 12%, while Nvidia's stock climbed over 21%. Despite initial concerns following a job report, fresh data indicates a stable economy, prompting strategists to favor tech investments amidst continued growth in AI-related sectors.
Source: YAHOO