Tech Leads Broad Rally as AI Infrastructure Spend Accelerates

Semiconductor and hyperscaler stocks extended gains as AI infrastructure spending continues to drive earnings beats across the sector.

$NVDA$MSFT$META$GOOGL

The Nasdaq Composite climbed 1.4% Monday as investors rotated back into large-cap technology names following last week’s brief pullback. NVIDIA led the move, rising 3.2% after Bernstein raised its price target citing data center demand visibility through 2027.

Microsoft and Alphabet each added roughly 1.5%, with analysts noting that enterprise AI adoption curves are steeper than originally modeled. Microsoft’s Azure AI revenue run-rate is now estimated above $15B annualised, a figure that would have seemed implausible eighteen months ago.

The CANSLIM screen this week flagged four names meeting all seven criteria simultaneously — the highest count since March 2024. Full picks available in the CANSLIM section.

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The Quant