Tech Stocks Surge to 6-Week Highs on Fed Optimism and Strong Earnings

Tech stocks like Nvidia, Apple, Amazon, Tesla, and Meta Platform have led the Nasdaq to 6 straight weeks of gains, its longest streak since 2020.

Nvidia's strong Q1 earnings and AI demand outlook drove its stock up 26% and valuation to $1 trillion.

Tesla stock has surged 74% in 2023 after strategic price cuts to boost market share.

Optimism about the end of the Fed's rate hikes and lower inflation has shifted sentiment from bearish to bullish.

Mega-cap tech stocks like Nvidia and Tesla could see continued strong returns for the rest of 2023.