They're back.

Just two weeks after Facebook's (FB) unexpectedly poor second-quarter report caused its stock to plummet 19% in a day and dragged down other large-cap tech stocks with it, tech stocks are enjoying a strong run, with the Nasdaq up every single day in August so far.

Since the beginning of the month, Facebook shares have rebounded more than 8%, while its fellow FAANG stocks have also performed well. Apple (AAPL) is up more than 9% in August, Amazon (AMZN) is up 6%, and Alphabet Inc. (GOOGL) and Netflix (NFLX) are both up about 3%. Apple's strong report after the close on July 31 helped spark the turnaround.

For the month, the Nasdaq is up roughly 2.3%.

Facebook, Apple, Amazon and Alphabet are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells FB, AAPL, AMZN or GOOGL? Learn more now.

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