Tech stocks, including Nvidia, Microsoft, and Apple, saw significant gains, with the Technology Select Sector SPDR Fund (XLK) climbing over 7% - its strongest week in almost two years. As the S&P 500 surged around 4%, investor optimism remains high for the tech sector.
Nvidia, despite facing challenges like Blackwell GPU delays, still holds promise with rising capex and strategic investments. The broader market volatility, driven by factors like rising unemployment and election uncertainty, contrasts with tech's resilience.
With AI stocks like Nvidia and companies like Walmart and Cisco on the rise, the market outlook remains positive amid this week's remarkable performance. Financial stocks, exemplified by Qifu Technology and New York Community Bancorp, also posted notable gains, reflecting a diverse market landscape.
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