Tesla and Alphabet's gains push Nasdaq past 20,000, adding $416B to Big Tech's market value.

Tech giants Tesla and Alphabet hit record highs on Wednesday, propelling the Nasdaq above 20,000 for the first time. Alongside Amazon and Meta, these companies added $416 billion to their market cap. Alphabet saw an 11% two-day rally due to a new quantum chip launch, while Tesla's shares rose nearly 6%. The market surge is partly due to expectations of reduced regulatory pressure under the new administration.

3 months ago
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