Big Tech’s Rebound Plays to Individual Investors’ Growth-Stock Bets

Shares of large U.S. technology companies are powering the broader market higher again, vindicating many individual investors who bet big on growth stocks.

Together, Advanced Micro Devices Inc., Google parent Alphabet Inc., Amazon.com Inc., Apple Inc., Meta Platforms Inc., Microsoft Corp., Netflix Inc., Nvidia Corp. and Tesla Inc. comprise roughly a quarter of the S&P 500’s market cap, according to FactSet. That means they have an outsize influence on the direction of the major stock index.