The comeback tour is in full swing
Tech stocks didn’t just bounce — they blasted off. The Nasdaq 100 has tacked on about $3.5 trillion in market value over just four days, a 9.3% surge that counts as its sharpest rally since April 2025.
Why the mood flipped so fast
The catalyst here is familiar: earnings. Strong results have reminded Wall Street that the AI story may still have plenty of runway, even after a bunch of hand-wringing about sky-high valuations and a possible wobble in the trade.
That matters because tech is still the market’s emotional support animal. When it’s leading, people start talking about innovation and long-term growth. When it’s flopping, suddenly everyone remembers what gravity is.
What investors should watch
- Whether the rally broadens beyond the usual mega-cap names or stays concentrated in a few heavyweights
- If more companies keep delivering AI-related upside, which would help justify the recent excitement
- Whether this is the start of a bigger risk-on move, or just one of those classic “too far, too fast” bursts
Big picture: the market just got a fresh reminder that tech sentiment can turn on a dime — and when it does, the Nasdaq can turn into a very expensive roller coaster.