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Big Tech Stock Laggards Hidden Behind AI Semiconductor Rally

CNN Business ·

MSFT Microsoft Corp
$504.91 +1.72%
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  1. 1Nvidia (NVDA) surged 9% on Thursday after posting revenue that doubled, lifting chip stocks and the broader market.
  2. 2The S&P 500 is up 13% this year, adding roughly $7.6 trillion in market cap, of which 37% of the gains came from chip stocks.
  3. 3Microsoft and Meta have declined over the past year, and their market dependence on semiconductors has been flagged as a risk.

This 3-line summary is compiled from the report below.

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