Tech stocks reached their highest point since July.

On Wednesday, technology stocks reached new highs as the tech-heavy index rose 1% and investors flocked to prominent software and megacap companies.

Since mid-October, the advanced 1.5% has been rallying for four consecutive days, surpassing its previous high set in July.

The rally coincided with a surge in key software companies, including , which rose more than 9% after reporting strong earnings on Tuesday. Additionally, climbed 4%, and jumped more than 5%. Lastly, and gained approximately 3% each.

The mainstay megacap technology stocks, including , , and , also rallied, with inching higher by 0.1% to a new record. Among the Magnificent Seven names, outperformed with a jump of more than 2%, while and rose at least 1% each. However, was the only laggard of the group, dipping about 0.9%.

In the semiconductor industry, another significant gainer experienced a 21% increase following a solid quarter, while and added approximately 1%.

Other technology funds notching new highs included the and .