Tech Up as Traders Rotate Back Into Growth - Tech Roundup

Published: 2026-04-14 17:05:22 ET MSFT

Published on 04/14/2026 at 05:05 pm EDT

Shares of technology companies rallied as traders rotated back into growth stocks amid a revival of risk appetite.

Traders bet that the U.S. and Iran would parlay a cease-fire into a lasting peace deal.

A rush into the stocks driving the artificial-intelligence boom was interrupted by the onset of the Iran war and the spike in oil and Treasury yields caused by the conflict, said one strategist. "You will not see tech get back on what should be its glide path higher, despite what I perceive to be fantastic potential on every single quantitative [metric, if the war resumes]," said Mark Malek, chief investment officer at brokerage Siebert Financial, whose firm is currently raising recommended allocations to growth stocks.

Amazon.com shares surged after the online store and computer-services giant agreed to buy satellite operator Globalstar in a $10.8 billion cash-and-stock deal, in an effort to build a business connecting consumer smartphones with satellite internet connections.

The suspect in a Molotov cocktail-style attack at OpenAI Chief Executive Sam Altman's California home last week faces attempted murder and arson charges, according to officials and court documents.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-14-26 1703ET