Nasdaq Up 1% as Software Stocks Rally, Nvidia Earnings Loom
The Nasdaq composite climbed 1% on February 25, driven by gains in software names that have recouped losses over the past two weeks. Traders are shifting focus to Nvidia’s upcoming quarterly report, with chip demand outlook boosting sentiment across software-related sectors.
1. Nasdaq Advances on Tech Strength
The Nasdaq composite rose 1% on February 25 as technology names outperformed broader markets. The index’s boost reflects renewed investor confidence after recent consolidation in big-cap software and semiconductor stocks.
2. Software Sector Continues Rebound
Major software companies extended their rebound following two weeks of volatility, with several large-cap stocks recording gains of 2%–3%. This rally helped lift the iShares Expanded Tech Software Sector ETF (IGV) alongside sector peers.
3. Nvidia Earnings in Spotlight
Market participants are positioning ahead of Nvidia’s upcoming earnings release, expected to highlight AI chip demand and data-center growth. Anticipation over Nvidia’s outlook has driven buying interest in software and infrastructure names tied to AI deployments.