Market Whiplash: A Wild Ride in Tech and Beyond The past week has been a rollercoaster ride for markets globally, with tech stocks taking center stage.
Microsoft's stunning 43% surge in its Azure cloud unit revenue sent shares soaring by over 16%, effectively squashing bear arguments and dragging the Nasdaq up by 2. 8%.
This development put the semiconductor sector on a brief respite from its recent sell off. However, this whiplash was not confined to tech alone.