Tech stocks head for winning week with Nvidia tracking for 15% gain

The Nasdaq Composite has jumped nearly 5% this week despite a wild few sessions and is on pace for its best week since November. The index was marginally higher Friday.

Megacap technology stocks have bounced this week despite the recent turbulence.

Nvidia has led the way with a more than 15% gain so far and is headed for its best week since September. Amazon is up more than 5%, while Alphabet, Microsoft and Meta Platforms have jumped more than 6%. Tesla shares are up 3% and notched their best session since 2013 Wednesday. Apple is up 2% and notched its best day since 1998 during Wednesday’s session.

Other technology stocks have also joined in on the week-to-date rally. Palantir is up more than 17%, while Fortinet and Applovin have jumped at least 11%. Oracle and Salesforce have added about 2% and 4%, respectively.