US Tech 100 Hits Record High After 17% Rally, Biggest Since 2020

The US Tech 100 surged to a new record high on April 15 following a stunning 17% gain from March 30 to April 17—its largest 13-day rally since 2020—fueled by de-escalation in the U.S.-Iran conflict that eased oil-driven fears after a prior 12% peak-to-trough drop. However, AI spending risks persist as OpenAI slashed its compute outlook from $1.4 trillion to $600 billion amid data-center delays and high costs for partners like Oracle ($300B) and Microsoft ($281B). Long-term bias stays bullish, but short-term volatility looms for traders eyeing concentrated tech exposure.