When Franklin D. Roosevelt was inaugurated in 1933, his 100-day vision was said to have been met with a crowd "as silent as a group of mourners around a grave." More than 80 years later, a similar shroud of muted pessimism has fallen over Silicon Valley, as leaders stifle their vitriolic opposition to President Donald Trump. And yet most technology CEOs have quietly managed to walk the line between ideological defiance and tacit cooperation over the first 100 days of Trump's presidency — to great success. In contrast to the struggling farmers of 1930s California, today's Silicon Valley is the land of $400 juicers and on-demand massage. Indeed, the technology sector has been one of the biggest beneficiaries of the Trump presidency: The S&P information technology group has risen nearly 15 percent this year, more than banks, utilities, health firms, energy companies or consumer brands.

Trump takes office, a rally boosts tech

Despite loud opposition from tech firms to many of Trump's policies, investors have hoisted many tech stocks to all-time highs since the election. The tech-heavy Nasdaq on Tuesday crossed the 6,000 mark for the first time ever. On Friday, Amazon, Facebook, Microsoft and Alphabet stocks hit fresh all-time intraday highs, after crushing several records already this year. And the IPO market has reached a seven-quarter high in terms of capital raised, according to Renaissance Capital.

To be sure, many trends have been at play — a holiday shopping season that favored online retailers and advertisers, some better-than-expected earnings reports, and broad market gains. Consumer sentiment popped after the election, as it becomes "more difficult to disentangle political fervor from what appears to be a growing sense among consumers that the economy will experience fundamental changes," according to Richard Curtin, an economist at the University of Michigan. But by the end of last week, Apple, Alphabet, Microsoft, Amazon and Facebook accounted for the bulk of the gains in the S&P 500. Analysts also believe that tech companies are likely to be some of the top beneficiaries of Trump's proposed policies, especially tax reform. Cisco is likely to be a top beneficiary of lowered taxes on the repatriation of foreign cash, according to research from Strategas Research Partners. Apple could also be a winner, according to Baird's Will Power.

Tech angst swirled around Trump ...

... but then CEOs walked it back

(L-R) Amazon's chief Jeff Bezos, Larry Page of Alphabet, Facebook COO Sheryl Sandberg , Vice President-elect Mike Pence and President-elect Donald Trump attend a meeting at Trump Tower December 14, 2016 in New York. Timothy A. Clary | AFP | Getty Images