MAGS is trading at $72.59 (+3.02%) as AI and semiconductor stocks lead the technology rebound.
- Strong demand expectations are lifting growth-oriented megacaps, while NVIDIA’s forecast for sharply higher future chip sales is reinforcing sector optimism.
- Falling oil prices and retreating Treasury yields are improving risk appetite and easing pressure on high-duration technology valuations. The Nasdaq is up 2.09%, versus the S&P 500’s 1.49% gain.