Nasdaq 100 Climbs as Much as 2.66% as Technology Shares Rally

U.S. technology shares rallied Monday, Nov. 9, sending the Nasdaq 100 up as much as 2.66% intraday as gains in major technology and AI-linked stocks lifted the broader market.

The S&P 500 rose 1.86%, and the Dow Jones Industrial Average gained 1.64% in the same snapshot. The Nasdaq 100 posted the largest gain of the three indexes as the advance widened during trading.

Among AI-linked shares, LITE rose 10.57% and COHR gained 9.82%. AMD climbed 9.62%, while WDC added 7.76%, MRVL rose 6.8% and STX gained 6.51%. MU was up 3.54%.

Large technology stocks also advanced. Tesla rose 5.46%, Alphabet gained 3.37%, Oracle added 2.54% and Apple climbed 2.35%. Nvidia moved against that trend, falling 4.05% as other AI-linked shares gained.

The advance followed a Nov. 5 sell-off in AI-related stocks. All of Monday’s figures describe intraday moves, not closing returns.