Wall Street retreated on Thursday as weakness in the technology sector weighed heavily on major averages, pushing the Nasdaq Composite (COMP:IND) down nearly 2%.
The decline followed earnings from Nvidia (NVDA), with shares of the mega-cap chipmaker falling roughly 5% a day after reporting quarterly results.
Semiconductor and semiconductor equipment stocks led the downturn, sliding about 5% on the session and dragging the broader information technology sector lower by approximately 2.5%. The pullback in chip-related names offset relative strength in other pockets of tech, including IT services, which climbed 4%.
The uneven performance highlights the market’s heightened sensitivity to earnings from large-cap technology companies, particularly those tied to artificial intelligence and data center demand.
Outlined below are the Nasdaq-100’s (NDX) worst-performing stocks in Thursday’s trading session.
- Applied Materials (AMAT), -6.8%
- Lam Research (LRCX), -6.7%
- Broadcom (AVGO), -6.6%
- Western Digital (WDC), -6.4%
- ASML Holding (ASML), -6.2%
- Seagate Technology (STX), -6.1%
- Micron Technology (MU), -5.9%
- Monolithic Power Systems (MPWR), -5.7%
- NVIDIA (NVDA), -4.9%
- Synopsys (SNPS), -4.7%
Nasdaq ETFs: (QQQ), (QQQM), (SQQQ), (TQQQ), (QLD), and (QID).