Nasdaq hits 20K for first time as Trump, AI bets boost tech stocks

The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation underIt has jumped more than 33% this year, outperforming the benchmark S&P 500 and blue-chip Dow, as technology megacaps including Nvidia, Microsoft and Apple add more heft to the index with their relentless surge.Currently, the three companies form the $3-trillion club, with the iPhone maker gaining a narrow lead.

The index hit 19,000 points for the first time in early November, when Donald Trump secured victory in the presidential election and his Republican Party swept both houses of Congress.

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