Microsoft Record Leads $1.5 Trillion Nasdaq Surge
- The software giant has climbed in the wake of strong results
- Analysts are bullish on tech fundamentals and stock potential
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Wall Street’s so-called Magnificent Seven has been living up to its name again, but none more so than Microsoft Corp.
The software giant has led a broad rebound in the biggest technology and internet stocks and closed at a record high on Wednesday. The rally in Big Tech has helped add about $1.5 trillion in market value to the Nasdaq 100 in recent days, suggesting a period of skepticism surrounding the pricey market leaders may be ending.