The Nasdaq Composite, which tracks shares of the world’s top technology companies, posted its best quarter in three years. In three months, the index rose 17%, mainly due to higher share prices for Nvidia, Tesla and Warner Bros.
The Nasdaq Composite posted its best quarterly gains since 2020 in the first three months of 2023, Business Insider notes.
In the first quarter of this year, the Nasdaq Composite rose 17% to 12.1 thousand points. The publication highlights that this quarterly figure was the best since the shares of high-tech companies began to soar in the context of the development of the COVID-19 pandemic.
The index grew due to the increase in the stock price of Nvidia, Tesla, Warner Bros Discovery, Align Technology. By the first quarter of 2023, the market quotations of these companies increased between 58% and 90%. Shares of giants like Apple, Amazon, Google and Microsoft rose in price between 17% and 26%.
Author:
Kirill Bilyk
Source: RB
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