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Big Tech stocks capped a massive week on Friday, with shares of Oracle, Advanced Micro Devices and Microsoft posting historic gains and benchmarks.
Oracle climbed 27% this week, its best week since June 1999. The company 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 13% 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 nearly 15% as CEO Elon Musk said Wednesday that the company hit a key milestone on its AI5 chip.
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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.
Broadcom, Micron and ON Semiconductor were also up at least 30% so far in April. Marvell is up 41% so far this month.
The iShares Expanded Tech-Software ETF (IGV) climbed nearly 14% week-to-date, its best week since October 2001.
The SPDR Info Tech Fund (XLK) also hit an all-time Friday 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%.
iShares Expanded Tech-Software ETF (IGV) week-to-date.
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