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Benzinga
Benzinga
Business
Piero Cingari

Nvidia, Palantir Fuel Historic Tech Rally — And It's Far From Done

Nvidia Palantir Donald Trump XLK Broadcom Inc Microsoft Corp Nvidia Corp Oracle Corp Palantir Technologies Inc
The Palantir Trade

In a quarter that began with fears of a tech wreck following President Donald Trump‘s sweeping tariff announcements, Wall Street’s tech darlings pushed sector benchmarks to one of their strongest quarterly gains on record, reigniting optimism for a continued summer rally.

The Technology Select Sector SPDR Fund (NYSE:XLK), which tracks the broader tech sector, soared 22% during the second quarter of 2025.

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