According to CNBC, the Nasdaq Composite surged 15.29% in April, marking its biggest monthly gain since April 2020. Tech stocks rebounded strongly after a weak start to 2026, with earnings from Alphabet, Amazon, and Microsoft beating revenue and cloud expectations. Chipmakers led the rally: Qualcomm rose nearly 40%, Micron jumped 53%, AMD climbed 74%, and Intel surged 100% in its best month on record. Alphabet gained 34% for the month, Amazon rose 27%, and Meta increased nearly 7% despite a 9% drop following its capital spending announcement. The Nasdaq is now up 7% year-to-date after ending March down approximately 7%.
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