Duolingo, Affirm, Hood, Toast tech stocks rally: Here’s why

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It was a week to forget for many investors, especially those with portfolios heavy on the tech side. Earlier this week, big tech companies combined to lose more than $1 trillion in value in just three days, according to CNBC—a list that includes Microsoft, Tesla, Amazon, Alphabet, Nvidia, and Meta Platforms. This week wasn’t pretty for crypto investors, either.

But things may be looking up as we head into the weekend, as some tech stocks are popping to end the week. Overall, the Nasdaq Composite gained around 4% on Friday, lifted by a number of tech companies that reported stronger-than-expected

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