Why Major Tech Stocks Like Alphabet and Broadcom Flew Higher on Friday

From Nasdaq:

Tech stocks enjoyed a notable bull run this week. Positive quarterly results from major companies saw share prices in the tech sector soar.

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Broadcom (NASDAQ: AVGO), Cloudflare (NYSE: NET), and Datadog (NASDAQ: DDOG) all saw significant increases in their stock prices.

The tech rally was fueled by strong quarterly results from Meta Platforms and Amazon and a record 353,000 jobs added to the economy.

The success of tech stocks is likely to continue with many major tech companies set to report their quarterly results. Investors should consider following the latest stock recommendations from the Motley Fool’s Stock Advisor service.

Disclaimer: The views and opinions expressed do not necessarily reflect those of Nasdaq, Inc.



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