Nasdaq 100 Posts Biggest Weekly Rally In Almost A Year As Fed Rate Cut Hopes Grow: Top 7 Tech Stocks Of The Week
Portfolio Pulse from Piero Cingari
The Nasdaq 100 Index experienced its largest weekly rally since October 2023, rising 5.9% due to positive economic data and expectations of a Federal Reserve interest rate cut. Top-performing tech stocks included Arm Holdings, Broadcom, Super Micro Computer, Warner Bros. Discovery, NVIDIA, Advanced Micro Devices, and Constellation Energy.
September 13, 2024 | 8:19 pm
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POSITIVE IMPACT
Advanced Micro Devices' stock rose 13.60% this week, benefiting from the tech sector's strong performance and potential Fed rate cuts.
Advanced Micro Devices' stock increase is linked to the tech sector's rally and investor optimism about Fed rate cuts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Arm Holdings saw a 26% increase this week, driven by the overall tech rally and expectations of a Fed rate cut.
Arm Holdings' significant price increase is part of the broader tech rally fueled by positive economic data and potential Fed rate cuts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Broadcom's stock rose 22.53% this week, benefiting from the tech sector's strong performance and potential Fed rate cuts.
Broadcom's stock increase is linked to the tech sector's rally and investor optimism about Fed rate cuts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Constellation Energy's stock increased by 13.24% this week, driven by the tech rally and Fed rate cut expectations.
Constellation Energy's stock rise is part of the tech sector's rally, supported by positive economic data and potential Fed rate cuts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA's stock increased by 15.81% this week, driven by the tech rally and Fed rate cut expectations.
NVIDIA's stock rise is part of the tech sector's rally, supported by positive economic data and potential Fed rate cuts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Super Micro Computer's stock increased by 18.39% this week, driven by the tech rally and Fed rate cut expectations.
Super Micro Computer's stock rise is part of the tech sector's rally, supported by positive economic data and potential Fed rate cuts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Warner Bros. Discovery's stock rose 17.24% this week, benefiting from the tech rally and potential Fed rate cuts.
Warner Bros. Discovery's stock increase is linked to the tech sector's rally and investor optimism about Fed rate cuts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80