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T-Mobile Surprises as Tech Winner in Tough Stock Market

  • Stock is among Nasdaq 100’s best performers this year
  • Phone carrier’s lower tariffs have helped it add customers


Photographer: David Paul Morris/Bloomberg
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With everything from once-high-flying software companies to behemoths such as Alphabet Inc. mired in losses this year, investors looking to make money in technology-related stocks have found a surprising winner -- T-Mobile US Inc.

The mobile-phone carrier has jumped 26% and is flirting with an all-time high. It’s the only tech, media or telecommunications stock among the Nasdaq 100 Index’s best performers, other than Activision Blizzard Inc., the video-game company that’s being acquired.