Tech Stocks Rally: CRM, CRWD, NVDA Surge on Earnings

Technology stocks saw broad gains Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.9% and the SPDR S&P Semiconductor ETF (XSD) adding 1.7%. The Philadelphia Semiconductor index also climbed 1.9%.

Several tech giants reported strong results, driving sector momentum. Salesforce ($CRM+WL) shares surged over 21% after exceeding fiscal Q2 expectations and raising its fiscal 2027 guidance. CrowdStrike ($CRWD+WL) shares popped nearly 20% following its announcement of higher fiscal Q2 adjusted earnings and revenue, along with an improved fiscal 2027 outlook. Nvidia ($NVDA+WL) also saw its shares jump more than 8.5% after reporting fiscal Q2 results and issuing a Q3 revenue forecast that surpassed analyst estimates.

### Story Arc / How We Got Here Investors continue to evaluate the upside potential in AI-driven stocks as seen in the Vanguard Growth ETF's (VUG) significant holdings in major tech players. VUG's strategy focuses on growth companies, leading to substantial allocations in AI infrastructure and development, a sector expansion that remains a key focus. Prior coverage: /explore/vanguard-growth-etf-tops-up-on-ai-leaders-amid-sector-boom.