Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, U.S. March 18, 2025.
Brittany Hosea-Small | Reuters
Technology stocks were on pace for a winning week Friday on the heels of a volatile stretch spurred by ongoing tariff uncertainty and economic fears.
The Nasdaq Composite has jumped nearly 6% this week despite a wild few sessions and is on pace for its best week since November. The index was up nearly 2% Friday.
Megacap technology stocks have bounced this week despite the recent turbulence.
Nvidia has led the way with a more than 16% gain so far and is headed for its best week since September. Amazon is up more than 5%, while Alphabet, Microsoft and Meta Platforms have jumped more than 6%. Tesla shares are up 3% and notched their best session since 2013 Wednesday. Apple is up more than 7% and notched its best day since 1998 during Wednesday’s session.
Other technology stocks have also joined in on the week-to-date rally. Palantir is up more than 17%, while Fortinet and Applovin have jumped at least 11%. Oracle and Salesforce have added about 2% and 4%, respectively.
