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The Motley Fool fool.com 03 Aug, 2022 21:45 am

Tech Stocks Surging: 5 Stocks Sending the Nasdaq Higher on Wednesday

Tech Stocks Surging: 5 Stocks Sending the Nasdaq Higher on Wednesday
A combination of solid earnings and investor optimism has many of the year's losers seeing some gains.

Shares of social media giant Meta Platforms (META 5.Meta Platforms investors may have finally seen peak pessimism pass.Since then, however, it seems that investors have processed the results and realized that active users grew on all its social media platforms and ad volume was up by double digits.Despite its challenges, Meta remains head and shoulders above every other social media company as an ad platform.

38%) are up 5%, finally starting to reverse some of the losses of the past year following its relatively solid earnings results a few days ago.Like other e-commerce and web-based companies over the past year, its stock has been pummeled.

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