Why Nvidia, Meta Platforms, and Salesforce Stocks Rallied on Friday

Shares of some of the world's biggest technology companies gained ground on Friday after several difficult sessions for the market. Semiconductor specialist Nvidia (NASDAQ: NVDA) was up as much as 2.4%, social media giant Meta Platforms (NASDAQ: META) rose as much as 3.7%, and customer relationship management (CRM) specialist Salesforce (NYSE: CRM) climbed as much as 3.8%.

While each of the stocks dipped slightly from those highs, the trio were still up 1.5%, 3.7%, and 3.5% respectively, as of 12:46 p.m. ET.

The catalyst that sent a wide swath of technology stocks higher today was a read on consumer spending, which was more robust than many had predicted.

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Source Fool.com