Alphabet and Tesla reached new milestones on Wednesday, closing at record highs as tech megacaps propelled the Nasdaq past 20,000 for the first time. The seven trillion-dollar tech companies collectively added $416 billion in market capitalization. Alphabet rose 11% in two days, following the launch of its groundbreaking quantum computing chip. Tesla surged nearly 6%, marking a 69% climb since Trump's election, fueled by optimism about regulatory advantages under Elon Musk's ties with the new administration. Amazon, Meta, and other tech giants also rallied, while Apple dipped slightly.
