Alphabet, Tesla Hit Records, Propel Nasdaq Past 20,000 For The First Time

Benzinga

Alphabet and Tesla reached new milestones on Wednesday, closing at record highs as tech megacaps propelled the Nasdaq past 20,000 for the first time. The seven trillion-dollar tech companies collectively added $416 billion in market capitalization. Alphabet rose 11% in two days, following the launch of its groundbreaking quantum computing chip. Tesla surged nearly 6%, marking a 69% climb since Trump's election, fueled by optimism about regulatory advantages under Elon Musk's ties with the new administration. Amazon, Meta, and other tech giants also rallied, while Apple dipped slightly.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Alphabet and Tesla reached new milestones on Wednesday, closing at record highs as tech

00:06megacats propelled the Nasdaq past $20,000 for the first time. The $7 trillion tech companies

00:13collectively added $416 billion in market capitalization. Alphabet rose 11% in two days

00:20following the launch of its groundbreaking quantum computing chip. Tesla surged nearly 6%,

00:25marking a 69% climb since Trump's election, fueled by optimism about regulatory advantages

00:30under Elon Musk's ties with the new administration.

00:33Amazon, Meta, and other tech giants also rallied, while Apple dipped slightly.

Category

Transcript

Comments

Recommended