Big Tech Stock Rally Following Strait of Hormuz Reopening Announcement

TigerApr 17, 2026 1:41 PM

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Big tech stocks rallied in premarket trading, after Iran declared the Strait of Hormuz “completely open” on the heels of a ceasefire announcement between Israel and Lebanon.

TSMC, Oracle, and Micron rose 3%; Palantir, Apple, and Amazon rose 2%; Tesla, Microsoft, Nvidia, and Broadcom rose 1%.

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