Tech stocks today: Qualcomm stock soars, Nvidia tops $5 trillion again, with Big Tech Q1 updates on deck

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Updated Mon, April 27, 2026 astatine 6:48 AM CDT 1 min read

Tech stocks roseate connected Monday, led by a 13% summation premarket successful Qualcomm (QCOM) and an extended summation for Nvidia (NVDA), which deed a grounds precocious connected Friday.

This week, 5 of the “Magnificent Seven” Big Tech companies — Microsoft (MSFT), Meta (META), Amazon (AMZN), Alphabet (GOOG, GOOGL), and Apple (AAPL) — study quarterly results successful what volition beryllium the archetypal existent trial of capitalist appetite for the tech assemblage and its monolithic AI spending since the warfare successful Iran began.

Recent moves by these companies heighten the stakes: Meta has announced it volition laic disconnected 10% of its workforce, oregon astir 8,000 roles; Microsoft said it volition connection definite US employees voluntary buyouts; and Apple’s enactment is undergoing a translation aft CEO Tim Cook announced helium volition measurement down successful Sept. 1 and beryllium replaced by elder vice president of hardware John Ternus.

Tech companies are progressively looking for ways to prevention cash, arsenic they walk billions constructing information centers and processing AI models.

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Qualcomm jumps 12% arsenic expert points to adjacent large catalyst for chipmaker

Qualcomm (QCOM) banal jumped much than 11% connected Monday, extending Friday’s 11% jump.

Tech expert Ming-Chi Kuo from TF International Securities posted connected X that OpenAI (OPAI.PVT) is moving with Qualcomm and Taiwanese semiconductor decorator MediaTek (2454.TW) to make smartphone processors.

The societal media station reinforced optimism that artificial quality could footwear disconnected a caller question of smartphone upgrades, a large triumph for chipmakers focused connected mobile processors. Qualcomm is champion known for its chips that powerfulness smartphones. Mass accumulation of the processors is expected successful 2028.

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Mag 7 stocks unfastened their books aft a pugnacious commencement to the year

Yahoo Finance’s Myles Udland and Jake Conley constitute astir what to expect from Big Tech net this week:

The Magnificent Seven stocks, the Big Tech heavyweights that person for the past decennary powered the American economy, spent overmuch of the archetypal 4th languishing. During the past week of March, the companies shed a combined $850 cardinal successful marketplace value, and by the extremity of the month, each 7 members were antagonistic connected the year.
Yet, arsenic our ain Brian Sozzi pointed out, arsenic bid speech headlines began percolating successful the Middle East, tech has gotten a bid — and not without reason.
Magnificent Seven nett income is estimated to turn 25% successful 2026 compared to 11% for the S&P 493, with that comparative outperformance connected nett income expected to agelong into 2027, according to Morgan Stanley. The Roundhill Magnificent Seven ETF (MAGS), which tracks the handbasket of tech leaders, has returned 13% implicit the past period against a summation of 9% connected the S&P 500.
This week's net results volition beryllium the archetypal existent trial of capitalist appetite for the tech assemblage since the warfare successful Iran began rippling done the planetary system successful precocious February. The reports volition besides springiness investors an update connected however the companies are reasoning astir their monolithic AI spending projections acceptable astatine the opening of this twelvemonth done 4th fourth net — particularly aft Meta announced 8,000 layoffs and Microsoft began offering buyout packages.

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