Amazon Leads Rebound in Battered Tech as Traders Reload on Risk – Bloomberg

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The market is regaining its appetite for risk after a bitter 2022 as traders increasingly snap up some of last year’s biggest losers, particularly beaten down tech stocks. Inc. and Nvidia Corp. are among the biggest contributors to the Nasdaq 100 Index’s 4.5% gain this week. Amazon, which tumbled 50% last year amid soaring interest rates and slowing revenue growth, rose 14% for its best week since April 2020, while graphics chipmaker Nvidia also gained 14% over the last five sessions.


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