On Friday (May 1), the US Information Technology Index rose by 2.68% to close at 350.31 points, setting a new record high, with a weekly gain of 3.64%.
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On Friday, constituent stock Shenghang AI shares closed up 20.10%, Nebius Group rose 11.76%, SanDisk gained 8.25%. Seagate Technology, CoreWeave, Oracle, and Datadog followed closely with increases between 7.91% and 6.31%. Nvidia closed down 0.56%, leading the declines, while Corning GLW fell 3.64% and performed the worst.
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