AMD, Oracle, Microsoft and the IGV lead a monster week for tech stocks
Tech stocks, including Oracle, AMD and Microsoft, are set to have historic weeks.
The iShares Expanded Tech-Software ETF is looking for its best week since 2001 and could even post the best week ever.
Intel, Broadcom, Micron, Marvell and ON Semiconductor are all having monster months, up at least 30% in April.
Massive Tech stocks were on track to wrap a massive week on Friday, with shares of Oracle, Advanced Micro Devices and Microsoft set to post historic gains and benchmarks.
Oracle climbed 27% this week, its best week since June1999. The corporation expanded an artificial intelligence data center power deal with Bloom Energy on Monday, contracting 1.2 gigawatts of capacity from Bloom. Oracle was issued a warrant to purchase $400 million of Bloom shares last week.
AMD climbed 14% this week and hit an all-time high on Thursday, climbing over 42% during a run of 13-consecutive days of gains, its longest streak in over 20 years.
Microsoft gained 14% this week, its best week since April 2015. Microsoft’s rebound comes after the software giant wrapped its worst quarter since 2008 in March, where it lost almost a quarter of its value.
Tesla also had a strong week, up about 15% as CEO Elon Musk stated Wednesday that the organization hit a key milestone on its AI5 chip.
A flurry of announcements from Intel has boosted its stock as well this month. The chipmaker is up 55% in April, after a historic nine-day run driven by partnerships with Google and Elon Musk’s companies. This also touches on aspects of investors.
Broadcom, Micron and ON Semiconductor are also up around 30% so far in April. Marvell is up 41% so far this month.
The iShares Expanded Tech-Software ETF (IGV) is up about 14% week-to-date, its best week since its best week ever in October 2001.
The SPDR Info Tech Fund (XLK) also hit an all-time today for the first time since October 2025 and closed at a record level. The fund has posted 13 straight days of gains, and had its best week since April 2025.
The software sector has had a rough year due to AI disruption fears. Hopes for a lasting peace deal between the U.S. and Iran have fueled the sector’s recent rebound.
So far this year, the IGV is down about 19%.