Tech Up as Momentum Builds - Tech Roundup

Published: 2026-04-15 17:31:18 ET AVGO

Published on 04/15/2026 at 05:31 pm EDT

Shares of technology companies rose as momentum in the sector built.

The Nasdaq Composite rose for the eleventh straight session and closed at a new record high.

Microsoft shares, which had been in bear-market territory earlier this month, rose by more than 4%, cutting losses for the year-to-date to roughly 13%.

A Maine ban on AI data centers could be the "canary in the coal-mine" for other states and nations considering such a move, said strategists at brokerage Jefferies, in a note to clients.

Dutch chip-equipment maker ASML raised its sales projection for the year as semiconductor makers continue to plow billions of dollars into machines for advanced artificial-intelligence chips.

Broadcom shares rose, testing all-time highs as Allbirds shares surged after the sneaker maker pivoted dramatically, changing its name to NewBird AI, and launching a business that will capitalize on the AI craze by buying high-end servers equipped with AI chips and renting out access to them.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-15-26 1730ET