Top gainers & losers in tech sector this week: Oracle tops the chart, while Paycom lags

Wall Street’s major averages on Friday plumbed fresh session lows, after Israel’s military said Iran had fired projectiles against the country. The move came after Israel late on Thursday attacked some of Iran’s nuclear sites and military targets, raising fears of an all-out war in the Middle East.

Iran retaliated by launching over 100 drones at Israel overnight. Israeli airspace has been closed, and a state of emergency has been declared amid expectations of another counterattack.

Amidst these geopolitical tensions, a renewed tariff threat by U.S. President Donald Trump continued to alarm traders. In the coming weeks, investors will keep an eye out for tariff announcements as Trump said he intended to send letters to trading partners, setting unilateral tariff rates.

Coming to the technology sector’s performance this week, the Technology Select Sector SPDR Fund ETF (NYSEARCA:XLK) rose 1.27% this week, compared to a 0.66% gain in the broader benchmark index.

Let’s take a look at this week’s gainers and losers in the tech industry:

Gainers:

Oracle (NYSE:ORCL) + 23.48% : Oracle shares rose this week after the IT giant reported fiscal fourth-quarter results that topped estimates and offered a robust outlook for fiscal 2026.

Enphase Energy (NASDAQ:ENPH) +10.13%

Palantir Technologies (NASDAQ:PLTR) +7.95%: Palantir, a software company specializing in artificial intelligence and data analytics, has a partnership with the Israeli Defense Ministry. Its shares had climbed as conflict arose in the Middle East.

KLA Corp (NASDAQ:KLAC) +7.58%

Micron Technology (NASDAQ:MU) +6.53%: Micron edged after the memory maker revealed it had sent sample shipments of its 36GB HBM4 12-High to multiple key customers.

The shipment prompted Wells Fargo to reiterate its Overweight rating and $130 price target.

Losers:

Paycom Software (NYSE:PAYC) -7.72%: Paycom reported Q1 Non-GAAP EPS of $2.80, beating estimates by $0.24. The company also surpassed topline expectations.

Automatic Data Processing (NASDAQ:ADP) -6.10%

Adobe (NASDAQ:ADBE) -5.64% : Shares of Adobe fell after the second quarter fiscal year 2025 results and outlook drew mixed reactions from investors and analysts.

Salesforce (NYSE:CRM)-5.64%

Dayforce (NYSE:DAY) -5.43%

U.S. Tech-based ETFs to track: (NASDAQ:QQQ), (NYSEARCA:VGT), (XLK), (NASDAQ:SMH), (NYSEARCA:IYW), (NYSEARCA:FTEC), (NASDAQ:SOXX), (BATS:IGV), (NASDAQ:CIBR), (NYSEARCA:IGM), (NYSEARCA:IXN).