13-Day Nasdaq Win Streak Spurs Tech Rally Driven by Taiwan Semiconductor AI Outlook
Nasdaq Composite’s 13-session win streak, historically followed by an average 5.4% three-month gain, has fueled renewed investor interest in technology shares. Taiwan Semiconductor’s strong quarterly earnings and upgraded AI demand outlook last week have underpinned this tech rally.
1. Nasdaq Win Streak Performance
The Nasdaq Composite entered its 13th consecutive winning session, a feat only recorded six times since 1989, with four instances yielding an average 5.4% three-month forward return for technology stocks.
2. Taiwan Semiconductor’s Earnings and AI Outlook
Taiwan Semiconductor reported robust quarterly earnings last week and raised its outlook for AI-driven chip demand, reinforcing expectations for sustained revenue growth in its core semiconductor business.
3. Investor Rotation into Technology Stocks
Investors have shifted capital from defensive sectors like oil and gold back into technology, leveraging the ongoing AI boom and solid corporate earnings reports to drive further sector performance.