Tech Stocks Weekly Recap: Almost across the board surged! Kuaishou soared 27%, Nvidia skyrocketed 15%!

LB Select
2024.04.29 08:10
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Last week, Kuaishou led the way with a 27% surge, while Meituan and JD.com surged 21%, Tencent rose 15%, Alibaba increased by 13%, Xiaomi and Baidu rose over 9%, and NetEase went up by 4.5%. Among the seven giants in the US stock market, only Meta fell by 8% that week, while Nvidia surged 15%, Tesla rose by over 14%, Google increased by over 11%, Amazon and Apple rose by over 2%, and Microsoft rose by nearly 2%

Last week, the US stock market experienced a volatile tech earnings week, while the Hong Kong stock market saw almost continuous gains.

In the Hong Kong stock market, leading technology companies surged across the board during the week. Kuaishou led the way with a 27% increase, Meituan and JD.com rose by 21%, Tencent by 15%, Alibaba by 13%, Xiaomi and Baidu by over 9%, and NetEase by 4.5%.

As for the seven giants in the US stock market, only Meta fell by 8% during the week. NVIDIA surged by 15%, Tesla by over 14%, Google by over 11%, Amazon and Apple by over 2%, and Microsoft by nearly 2%.

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