Technology stocks' 'Great Rotation' out of AI appears to be reversing, with the Nasdaq Composite reaching record highs in April 2026.

The Nasdaq Composite achieved a record high close on April 15 and an intraday high on April 24 after declining into correction territory in Q1 2026, signaling a potential end to the sector sell-off.

Salesforce announced record revenue of $11.2 billion for fiscal Q4 2026 (ended Jan. 31), up 12% year over year, with Agentforce AI adoption jumping 50% in Q4 compared to Q3. Workiva's Q4 sales reached $239 million, representing 20% year-over-year growth, and swung to net income of $11.8 million from a net loss of $8.8 million in the prior year. SentinelOne hit $1 billion in revenue, a 22% year-over-year increase, in fiscal 2026 (ended Jan. 31).

All three companies—Salesforce, Workiva, and SentinelOne—have integrated AI into their core platforms to strengthen their competitive positions against concerns that AI might disrupt their existing business models, and their forward price-to-sales ratios have fallen to low points in 2026, suggesting attractive valuations.