Published on 24 May 2024 on Benzinga
...Propel Nasdaq 100 To Record High; Solar Sector Shines, Meme Stock Bubble Bursts: This Week In The...
Tech stocks in the Nasdaq 100, as tracked by the Invesco QQQ Trust QQQ, soared to record highs during the week, marking their fifth consecutive week of gains — the longest streak since January — driven by Nvidia Corp.‘s NVDA exceptional earnings report.
Shares of the artificial intelligence giant surged over 9% following its first-quarter financial results, which revealed a 262% year-over-year increase in sales, exceeding expectations and sparking a broad-based rally in semiconductor stocks.