U.S. tech stocks performed strongly this week, with the market value of eight major tech stocks surging by $420 billion

AASTOCKS
2025.09.05 21:25

According to a report by CNBC, U.S. tech stocks performed strongly this week, with the "Magnificent Seven" along with Broadcom (AVGO.US) seeing a combined market value increase of $420 billion over the week, bringing the total market capitalization of these eight large tech companies to $21 trillion, accounting for about 36% of the S&P 500 index market value.

Among them, Google's parent company Alphabet (GOOG.US) received a favorable ruling from a U.S. court regarding an antitrust case this week, with the judge ruling that it does not need to break up the Chrome browser, only requiring it to share search data with competitors. This also benefited Apple (AAPL.US), allowing the iPhone to continue maintaining Google as the default search engine. Alphabet rose over 10% for the week, while Apple gained 3.2%, driving the Nasdaq up 1.1% for the week.

As for Tesla (TSLA.US), its stock price rose due to Musk's latest compensation plan proposal, while Broadcom benefited from signing a $10 billion contract with a new client. However, AI leader Nvidia (NVDA.US) saw a pullback in its stock price this week, but it remains the highest-valued company in the U.S. Microsoft (MSFT.US) also experienced a decline this week, marking five consecutive weeks of losses

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