7 Large-Cap Stocks Gaining Momentum: What's Driving the Surge?

Over the past month, several large-cap stocks have posted significant gains, outperforming the broader market and drawing investor attention amid the AI boom, tech revival, and renewed economic optimism. In particular, NVIDIA, Meta Platforms, Broadcom, Oracle, IBM, AMD, and Goldman Sachs have each logged double-digit returns in just 30 days—a rare alignment across sectors like technology, semiconductors, and financial services.

Below, we dive into the fundamental and thematic tailwinds powering these stocks, their strategic developments, and why investors are taking notice.

1. Oracle Corporation (ORCL): +29.88%

Oracle leads the pack with a nearly 30% surge in the past month. The legacy software giant has rebranded itself as a cloud and AI infrastructure player—successfully. Oracle’s recent earnings beat was driven by robust demand for its cloud infrastructure, especially from enterprises looking to leverage generative AI.

Oracle’s partnership with Nvidia for AI-driven cloud services and its growing presence in the AI training and inference market have added to investor confidence. With Oracle offering a lower-cost alternative to AWS and Azure in certain workloads, it's no longer seen as just a legacy database provider—it’s part of the AI infrastructure playbook.

2. Advanced Micro Devices (AMD): +25.14%

AMD has gained over 25% in the last month, primarily fueled by optimism around its MI300X GPU, a direct challenger to Nvidia in the AI compute space. As hyperscalers like Microsoft and Meta diversify their supply chains, AMD is emerging as a key secondary supplier of AI accelerators.

Additionally, AMD’s continued strength in the PC and data center CPU market, combined with strong guidance and expanding margins, have drawn bullish sentiment. As AI workloads expand beyond training into inference and edge computing, AMD is poised to benefit from its balanced portfolio of CPUs, GPUs, and custom silicon.

3. NVIDIA Corporation (NVDA): +15.97%

Nvidia continues its relentless climb, rising nearly 16% this month. The company remains at the center of the AI revolution, with insatiable demand for its H100 and newly launched Blackwell chips. Cloud providers, sovereign AI projects, and enterprise clients are all ramping up purchases.

The recent announcement of new partnerships, expanded production capacity, and continued strength in data center revenues has bolstered investor confidence. Nvidia's role as the backbone of AI infrastructure—from training LLMs like GPT to enabling autonomous systems—means demand is still outstripping supply.

Even after a massive run-up over the past year, the stock continues to gain ground, supported by robust earnings growth, strong guidance, and growing software and ecosystem revenues (CUDA, DGX, Omniverse).

4. Meta Platforms, Inc. (META): +14.17%

Meta is up over 14% in the last month, as investors reward its strong cost discipline, improved ad performance, and ongoing bets in AI. After facing intense scrutiny over its metaverse ambitions, Meta has re-centered its narrative around AI-led engagement growth across Facebook, Instagram, and WhatsApp.

The company’s AI-powered ad targeting is delivering results, helping boost ad revenues even in uncertain macro conditions. Moreover, its open-source Llama models and custom-built AI chips for inference are positioning Meta as a serious player in foundational AI models.

Add in a massive share buyback program and a leaner cost structure, and investors are beginning to view Meta as both a growth and value play in the large-cap tech universe.

5. Broadcom Inc. (AVGO): +13.58%

Broadcom’s recent performance—up nearly 14%—is being driven by multiple catalysts. First, the successful integration of VMware, acquired for $69 billion, has begun to show synergies, especially in recurring software revenue. Second, the company’s AI-related semiconductor sales have picked up, as it provides custom chips for major cloud and hyperscale clients.

Broadcom's unique positioning in both networking hardware and infrastructure software offers diversified exposure to tech spending. With many companies investing in AI-ready data centers, Broadcom’s networking products (including AI interconnects) are in high demand.

Moreover, Broadcom maintains a shareholder-friendly capital allocation strategy, including a high dividend yield and aggressive buybacks, which further support the stock.

6. Goldman Sachs Group, Inc. (GS): +11.91%

While not traditionally viewed as a tech play, Goldman Sachs has seen a near 12% gain in the last month, outperforming many of its Wall Street peers. Several factors have contributed to the rally:

• Improved capital markets activity amid a recovering IPO and M&A environment.

• Stabilization in interest rates has reduced fixed-income trading volatility.

• Growing optimism around AI in financial services, where Goldman has been deploying internal LLMs and AI tools for wealth management, deal modeling, and compliance.

Investors also view Goldman as a leveraged play on a rising economy, and with rate cuts on the horizon, sentiment is shifting in favor of cyclical financial names.

7. IBM (International Business Machines Corporation): +10.08%

IBM’s modest but solid 10% gain over the last month reflects renewed investor interest in defensive tech. The company’s investments in AI and hybrid cloud continue to pay off, particularly with the launch of Watsonx—a suite of AI tools targeted at enterprise clients.

IBM’s recurring revenues, strong free cash flow, and reliable dividend make it a haven during market volatility. While growth is not explosive, its AI consulting business, Red Hat integration, and legacy modernization work have brought stability and some upside potential.

As companies move to deploy AI at scale in secure environments, IBM’s enterprise-first strategy is resonating.

What This Rally Means for Investors

This synchronized move across diverse large-cap names suggests a few key themes are resonating with the market:

1. AI Remains the Dominant Narrative: Companies involved in enabling, adopting, or scaling AI infrastructure—whether through chips, software, or enterprise tools—are capturing market premiums.

2. Secular Growth Meets Cyclical Recovery: As interest rates stabilize and the economy shows signs of resilience, tech and financial stocks are benefiting from a double tailwind of structural demand and macro recovery.

3. Investor Rotation into Quality Large Caps: In an environment of selective risk-taking, investors are favoring cash-generating, high-margin large-cap companies that offer both growth potential and downside protection.

Conclusion: Charting the Next Leg

The charts are telling a cohesive story. Oracle’s breakout has confirmed a multi-month base, while AMD and Nvidia appear poised for further upside after brief consolidations. Meta and Broadcom remain in strong technical uptrends, with solid volume support. IBM and Goldman, historically laggards in the tech rally, are now playing an overdue game of catch-up with solid base formations.

As traders look toward the second half of the year, technicals remain aligned with fundamentals: a rare moment of clarity in a market that often thrives on confusion. If the patterns hold and macro winds don’t shift dramatically, these names may continue to outperform—not just as beneficiaries of the AI wave, but as the new defensive growth anchors in a reshaped equity landscape.